Here are some important stops along the Dow’s road to 30,000:
Dow is formed: The first daily close, on May 26, 1896, was 40.94. The Dow did not get off to a good start, plunging 30% to an all-time low of 28.48 by August that year.
Dow 100: The Dow first closed in triple digits in January 1906. That marked an impressive rally for the average, which had hit an all-time low when Teddy Roosevelt was president. The Federal Reserve would not be created for seven more years.
Crash of 1929: The Dow fell 38 points on Oct. 28 and 31 more points the next day. That might not sound bad today, but it represented back-to-back declines of 13% and 12% of the Dow’s value. They are still two of the worst one-day percentage declines in the index’s history.
Dow 1,000: Nov. 14, 1972. Richard Nixon had just won re-election by taking 49 states. The Dow’s components, which had been unchanged for 13 years, included Woolworth, Eastman Kodak and International Nickel.
Crash of 1987: On Oct. 19, the Dow plunged 508 points, a 23% drop that is still the largest one-day percentage decline in history. A week later it took an 8% plunge. But the damage was short-lived: Within a year, the Dow was back to pre-crash levels.
Dow 10,000: March 29, 1999. The “irrational exuberance” of the tech bubble was in full swing as the Dow gained 1,000 points in less than a year to hit this benchmark. It gained 1,000 more points in just the next month.
Dow 15,000: May 7, 2013. As the economy continued to recover from the Great Recession, the Dow had one of the current bull market’s strongest periods. It crossed the 15,000 mark and finished the year up 26.5%, marking the best full-year performance of the current bull market. The Dow nearly matched that in 2017, rising 25%.