This Day in Business History: Dow Jones closed above 5,000

Nov. 21, 1995: The Dow Jones industrial average closed at 5,023.55, surpassing 5,000 for the first time.  Although it took from 1972-1995 for the Dow  to move from 1000 to 5000,  the next few years saw a rapid rise with the Dow increasing to 10,000 in 1999.

The Dow Jones Averages, 1885-1995, by Phillis S. Pierce.
HG4915. D6434 1996

 

 

 

Irrational Exuberance, by Robert J. Shiller
HG4910 .S457 2015

 

 

 

 

Sources:

• https://us.spindices.com/indexology/djia-and-sp-500/the-dow-s-milestones
• http://www.investopedia.com/terms/d/djia.asp