Yesterday the Dow Jones Industrial Average (DJIA) finally passed 30,000 points to a record high. Dow hit 10,000 for the first time in March 1999 and reached 20,000 in January of 2017.
The Dow is a stock market index that tracks a collection of 30 blue-chip U.S. stocks, trading on the New York Stock Exchange and the NASDAQ. Blue-chip stocks are nationally recognized, well-established and financially established companies like Microsoft, J.P. Morgan, Disney and McDonalds.
The Dow was down during the onset of the COVID-19 pandemic, trading below 19,000 points in March. Industries such as energy, travel and banking — all of which are featured prominently in the DOW — were crushed disproportionately due to the lockdowns. Listen for more.
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