Dow 25,000 - 26,000: 8 trading sessions Dow 26,000 - 27,000: 372 trading sessions
It took only eight trading sessions for the Dow to sprint from the 25,000 level to 26,000 in January of 2018. Over 500 days and exactly 372 trading sessions later, the blue-chip index has notched its next 1,000-point milestone.
All in all, the Dow hit five of the psychologically important 1,000-point milestones in 2017, representing the largest number of such milestones within a calendar year in the benchmark’s 120-plus-year history, according to the WSJ Market Data Group. The Dow notched 71 record closes that year and, yes, that was a record, topping the 69 record closes that occurred over 1995.
In 2019, however, stocks started off the year in rally mode as anticipation built that the Federal Reserve would pause its planned series of interest-rate hikes. The Dow reclaimed the 26,000 level in April, then fell nearly 7% in May. When the Fed pivoted in June to talk of rate cuts and easy-money posture, the Dow sailed higher again -- and claimed 27,000 on Thursday after Fed chairman Jerome Powell boosted expectations for a rate cut.
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