Bulletin
Investor Alert

Market Extra Archives | Email alerts

Nov. 13, 2019, 9:06 a.m. EST

The Dow Jones Industrial Average just booked its flattest finish in 5 years

Closing flat became rarer when the Dow converted to decimals in 2001

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    S&P 500 Index (SPX)
  • X
    NASDAQ Composite Index (COMP)

or Cancel Already have a watchlist? Log In

By Mark DeCambre, MarketWatch


AFP/Getty Images
Flat like the Dow

The Dow Jones Industrial Average just marked its flattest finish in half a decade, which forced the blue-chip benchmark to narrowly miss its 10th record of 2019.

The Dow /zigman2/quotes/210598065/realtime DJIA +0.79% closed at precisely 27,691.49, which means the 123-year old benchmark produced its flattest finish since April 24, 2014, according to Dow Jones Market Data. The midland move for the equity index came as the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.86% advanced around 5 points, a gain of less than 0.2%, to finish at 3,091.84, near its previous all-time closing high of 3,093.08 set on Nov. 8., and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.73% added 22 points, or 0.3%, to end at 8,486.09, surpassing its previous all-time close.

Investors on Tuesday were focused on comments from President Donald Trump, who said a “significant phase one” trade deal could happen soon at a closely watched speech at the Economic Club of New York in Midtown Manhattan, but he failed to deliver any specifics on trade developments between China and the U.S., which have been a key catalyst for markets lately.

Read: Trump and Powell speeches to deliver a major gut check to stock markets at records

Finishing a session virtually unchanged, as the Dow did on Tuesday, is a rarity in stock gauges; the last time it occurred prior to 2014 was 12 years before that date. The last time the index finished flat after a record close was 1994, according to Dow Jones Market Data.

According to Motley Fool, citing data from Samuel H. Williamson and MeasuringWorth, flat finishes were more common for the Dow before 2001, notably because the New York Stock Exchange converted to decimalization quote system that year, allowing investors to trade in increments of pennies rather than eighths or sixteenths of a dollar.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
28,132.05
+220.75 +0.79%
Volume: 277.74M
Dec. 12, 2019 4:55p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,168.57
+26.94 +0.86%
Volume: 2.22B
Dec. 12, 2019 4:55p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
8,717.32
+63.27 +0.73%
Volume: 2.16M
Dec. 12, 2019 5:16p
loading...

Mark DeCambre is MarketWatch's markets editor. He is based in New York. Follow him on Twitter @mdecambre.

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.