When Will the Dow Jones Industrial Average Reach 50,000? History Suggests a Lot Sooner Than You Think. [Yahoo! Finance]
Walmart Inc. (WMT)
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Source: Yahoo! Finance
Though gold, oil, housing, and Treasury bonds, have helped investors increase their nominal wealth over time, no asset class has generated a more robust annualized return over the past century than stocks. For more than a century, the iconic Dow Jones industrial Average (DJINDICES: ^DJI) has served as the most-watched barometer of Wall Street's "health." This index, which contained 12 predominantly industrial stocks when it debuted in May 1896, is now home to 30 time-tested, multinational businesses. Last month, the ageless Dow Jones did something it's accomplished numerous times throughout its storied history: it hit a new all-time high. It came within a stone's throw (about 111 points) of reaching the 40,000-point plateau. That's one heck of a journey from the 41.22 points it closed at during the height of the Great Depression in 1932. The $64,000 question is: Can the Dow Jones Industrial Average reach 50,000? If history has anything to say about it, the Dow hitting 50,000 can
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- 2/20/24 - Beat
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- 4/29/24 - Form 4
- 4/29/24 - Form PX14A6G
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