Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1987, the Dow gained 100 points in a week for the first time.
Where The Market Was: The Dow Jones Industrial Average closed at 2,700.57 and the S&P 500 traded at 334.11.
Created in 1896 by Charles Dow, the Dow Jones Industrial Average is one of the oldest and most followed equity indexes for overall stock market health. The Dow Jones Industrial Average consists of 30 stocks on a price-weighted basis.
The U.S. Treasury Yield Curve inverted Tuesday, July 5, while the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA: DIA) fell 129.44 points.
It's another sign that the economy is heading into a recession more and more each day.
The U.S. Stock Market has had a rough 2022 so far and the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA: DIA) has been no exception to that. Since the start of the calendar year, the index has lost close to 6,000 points as inflation continues to rise and consumer spending falls.
The S&P 500 officially dropped into bear market territory Monday as global financial markets continue to decline following the latest round of U.S. inflation data.