Friday , May 7 2021

The Dow Jones Just Experienced a 'Once-in-a-Decade' Event, Crypto Coins News

  • The Dow Jones Industrial Average closed completely unchanged on Tuesday after breaking records on Monday.
  • The Dow ended flat despite action on trading day, including President Donald Trump giving a pivotal speech in New York.
  • The last time the Dow closed unchanged was in 2014.

Wall Street experienced a once-in-a-decade event this week when theDow Jones Industrial Average(DJIA) closed completely unchanged on Tuesday.

The Dow closed at an all-time high of 27691. 49 on Monday and closed at 27. . (again on Tuesday.)

The Dow Jones Industrial Average remains at a standstill on Tuesday. | Source: (Yahoo Finance)

This unlikely event marks the first time in more than five years the blue-chip index closed unchanged. It was the third such occasion in history. Tuesday also marks the first time since 1994 that a flat close has occurred the day after a record closing session.

The last time the index ended flat was on April 24, 2014, when the Dow closed at 16, 501 . 65. Before that, the last time was 12 years prior on December 21, 2001.

(Source:) ******************** (Twitter)

Momentum for the S&P 500 and Nasdaq

According to CNBC, unchanged closuresare also uncommon for other indexes. The S&P 500 has closed flat to two decimal places only ten times since 1980.

On Tuesday, the S&P 500 finished up with its second-highest close in history, up 4. 83 points, or 0.2%, to 3091. 84 . And the Nasdaq Composite Index saw it’s fifteenth record close of the year, going up 21. points, or 0.3%, to 8486. 09.

Action on Trading Day

Some notable action took place on trading day despite the Dow finishing flat.

Investors had their eyes on President Donald Trump’shotly-anticipated economic speechin New York, where Wall Street hoped the Commander-In-Chief would offer clues about the state of US-China trade talks.

Trump sought to rally the markets ahead of his speech, posting to Twitter:

Economy is BOOMING. Seems set to have yet another record day!


During his speech, Trumpfailed to offer any real insightinto US-China trade talks ; as a result, the Dow declined 0.1%.

Disney (NYSE: DIS) was also in the headlines as the companylaunched its new Disney service.And Boeing (NYSE: BA) influenced markets after the aircraft companyattempted to restore public trust in the 737 Max.

This article was edited by Sam Bourgi.

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