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Dow Jones in 1898

The Dow Jones Industrial Average rose 22.5% in 1898, from 49.41 at the end of 1897 to 60.52. Its highest close was 60.97 on Aug 26 — a record that stood until January 7, 1899, and its lowest 42.00 on Mar 25. The biggest one-day fall was −3.2% on Feb 24 and the biggest rise +5.7% on May 2. Adjusted for inflation, it gained 20.7%.

Change in 1898
+22.5%
49.41 → 60.52
High
60.97
Aug 26
Low
42.00
Mar 25
After inflation
+20.7%
US CPI
Up days
150 of 298
longest run 6 up, 7 down
Record highs
14
closing records

Dow Jones, daily closes 1898

Numbers mark the events below
445159previous recordJanFebMarAprMayJunJulAugSepOctNovDec1Feb 15: USS Maine explodes and sinks in Havana harbor.2Feb 24: Biggest one-day fall of the year: −3.2%.3Mar 11: Enters a bear market: 20% below its peak of 55.82 (September 10, 1897).4Mar 25: Bear market low: 42.00, 24.8% below the peak.5Apr 25: US Congress declares that a state of war with Spain has existed since April 21.6May 2: Biggest one-day rise of the year: +5.7%.7Aug 5: Dow Jones sets the first of 14 record closing highs this year, at 55.85. Back above its pre-bear-market peak of 55.82 (September 10, 1897).8Aug 25: Dow Jones closes above 60 for the first time (60.52).9Aug 26: Last record close of the year: 60.97.10Dec 10: The Treaty of Paris is signed, ending the Spanish-American War.

Key Events in 1898

What happened, and how the Dow Jones moved — on the day (or the next trading day) and about a month later.

  1. 1
    Tuesday, February 15
    USS Maine explodes and sinks in Havana harbor. Source
    Dow Jones: +1.1% that day · −10.2% a month later
  2. 2
    Thursday, February 24 From the data
    Biggest one-day fall of the year: −3.2%.
  3. 3
    Friday, March 11 From the data
    Enters a bear market: 20% below its peak of 55.82 (September 10, 1897).
  4. 4
    Friday, March 25 From the data
    Bear market low: 42.00, 24.8% below the peak.
  5. 5
    Monday, April 25
    US Congress declares that a state of war with Spain has existed since April 21. Source
    Dow Jones: −1.2% that day · +14.6% a month later
  6. 6
    Monday, May 2 From the data
    Biggest one-day rise of the year: +5.7%.
  7. 7
    Friday, August 5 From the data
    Dow Jones sets the first of 14 record closing highs this year, at 55.85. Back above its pre-bear-market peak of 55.82 (September 10, 1897).
  8. 8
    Thursday, August 25 From the data
    Dow Jones closes above 60 for the first time (60.52).
  9. 9
    Friday, August 26 From the data
    Last record close of the year: 60.97.
  10. 10
    Saturday, December 10
    The Treaty of Paris is signed, ending the Spanish-American War. Source
    Dow Jones: +0.6% that day · +2.7% a month later

Biggest days of 1898

Best daysWorst days
May 2+5.7%Feb 24−3.2%
Mar 28+5.6%Apr 21−2.9%
Mar 30+3.7%Apr 1−2.8%
Mar 14+3.3%Sep 30−2.6%
Mar 1+2.8%Mar 12−2.6%

Volatility: 19.5% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan50.01+1.2%50.6748.00
Feb46.17−7.7%50.2344.67
Mar45.42−1.6%47.4742.00
Apr46.00+1.3%46.3243.27
May52.74+14.7%52.7448.30
Jun52.62−0.2%53.7150.87
Jul54.20+3.0%54.2052.27
Aug60.35+11.3%60.9754.60
Sep53.44−11.4%60.5053.44
Oct55.43+3.7%55.4351.56
Nov57.20+3.2%57.2054.51
Dec60.52+5.8%60.5258.14
1896189718981899

Dow Jones in 1898: FAQ

How much did the Dow Jones Industrial Average rise in 1898?

The Dow Jones Industrial Average rose 22.5% in 1898, from 49.41 at the end of 1897 to 60.52. Its highest close was 60.97 on Aug 26 — a record that stood until January 7, 1899, and its lowest 42.00 on Mar 25. The biggest one-day fall was −3.2% on Feb 24 and the biggest rise +5.7% on May 2. Adjusted for inflation, it gained 20.7%.

What were the highest and lowest closes of the Dow Jones Industrial Average in 1898?

Highest: 60.97 on August 26, 1898. Lowest: 42.00 on March 25, 1898. It closed higher on 150 of 298 trading days.

What happened to the Dow Jones Industrial Average on April 25, 1898?

US Congress declares that a state of war with Spain has existed since April 21. The Dow Jones Industrial Average fell 1.2% that day, and was +14.6% a month later.

Did the Dow Jones Industrial Average reach a record high in 1898?

Yes — 14 record closing highs, the last at 60.97 on August 26, 1898.

Data: Daily closes since 26 May 1896. Saturday sessions were held until 1952. The NYSE was closed from 31 Jul to 11 Dec 1914. Price index: dividends are not included. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.