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Round Number Thresholds

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"Dow Jones Hits Record 38,000: What Investors Need to Know"
finance2 years ago

"Dow Jones Hits Record 38,000: What Investors Need to Know"

The Dow Jones Industrial Average reached the 38,000 mark just 40 days after hitting 37,000, marking a string of milestones on Wall Street. The time between thousand-point milestones has decreased over the years, with shorter gaps during big market rallies. While the Dow is not the best representation of the U.S. stock market, it holds historical significance on Wall Street.