Dow crosses 21,000: Here are 6 interesting facts

A board showing the Dow Jones industrial average is seen at the New York Stock Exchange.
A board showing the Dow Jones industrial average is seen at the New York Stock Exchange.PHOTO: EPA

After breaking a streak of 12 straight record-setting sessions, the Dow Jones Industrial Index resumed its upward climb and closed above the 21,000 mark for the first time on Wednesday (March 1).

The US blue-chip stock market index posted its largest daily percentage gain of the year at 1.46 per cent, after ending February with its fourth straight month of gains -an advance of nearly 15 per cent and its best four-month run since 2012.

Below is a list of facts about the Dow's climb to 21,000:

It matched the fastest trip on record

The Dow first closed above 20,000 on Jan 25, 2017, when it ended the trading day at 20,068.51. The 24 trading days between the two 1,000 point milestones match the shortest such span in its history, from March 29 to May 3, 1999, when it rose from 10,000 to 11,000.

Here's the longest

The longest stretch between such milestones has been the 3,630 days needed for the index to close above the 2,000 barrier, reached on Jan 8, 1987.

Apple drove the Dow's ascent

Apple has been the best performer on the index since the 20,000 mark, with a gain of 14.7 per cent. It is also the top boosts to the price-weighted Dow, contributing 122.65 points.

Goldman and Boeing were outstanding

Two other stocks contributed more than 100 Dow points each since the 20,000 milestone: Goldman Sachs and Boeing. Goldman was the biggest contributor in the Dow's march from 19,000 to 20,000, adding about 167 points.

Intel was not

Chip maker Intel was the worst performing stock during the most recent 1,000 point run, down almost 5 per cent. The stock is the third-biggest drag on the index, subtracting 12.8 points.

Oil giants were a drag

The top two drags on the index during the move to 21,000 are both oil companies - Chevron and Exxon Mobil - which subtracted nearly 23 and 16 points respectively from the Dow.

Source: Reuters