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Dow Jones in 1904

The Dow Jones Industrial Average rose 41.7% in 1904, from 49.11 at the end of 1903 to 69.61. Its highest close was 73.23 on Dec 5, and its lowest 46.41 on Mar 12. The biggest one-day fall was −6.1% on Dec 12 and the biggest rise +3.2% on Dec 16. Adjusted for inflation, it gained 35.4%.

Change in 1904
+41.7%
49.11 → 69.61
High
73.23
Dec 5
Low
46.41
Mar 12
After inflation
+35.4%
US CPI
Up days
173 of 300
longest run 8 up, 7 down
Below record
-11.1%
at the end of 1904

Dow Jones, daily closes 1904

Numbers mark the events below
496071JanFebMarAprMayJunJulAugSepOctNovDec1Feb 7: The Great Baltimore Fire begins, destroying more than 1,500 buildings.2Feb 8: Japan attacks Port Arthur and declares war on Russia, starting the Russo-Japanese War.3Mar 14: The Supreme Court rules against the Northern Securities Company under the Sherman Antitrust Act.4May 4: US Army engineers begin work on the Panama Canal.5Nov 8: Theodore Roosevelt wins the US presidential election.6Dec 12: Biggest one-day fall of the year: −6.1%.7Dec 16: Biggest one-day rise of the year: +3.2%.

Key Events in 1904

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

  1. 1
    Sunday, February 7
    The Great Baltimore Fire begins, destroying more than 1,500 buildings. Source
    Dow Jones: +0.9% next trading day (Feb 8) · +0.5% a month later
  2. 2
    Monday, February 8
    Japan attacks Port Arthur and declares war on Russia, starting the Russo-Japanese War. Source
    Dow Jones: +0.9% that day · +0.5% a month later
  3. 3
    Monday, March 14
    The Supreme Court rules against the Northern Securities Company under the Sherman Antitrust Act. Source
    Dow Jones: +0.2% that day · +7.7% a month later
  4. 4
    Wednesday, May 4
    US Army engineers begin work on the Panama Canal. Source
    Dow Jones: +0.6% that day · −0.1% a month later
  5. 5
    Tuesday, November 8
    Theodore Roosevelt wins the US presidential election. Source
    Dow Jones: +1.3% next trading day (Nov 9) · +10.0% a month later
  6. 6
    Monday, December 12 From the data
    Biggest one-day fall of the year: −6.1%.
  7. 7
    Friday, December 16 From the data
    Biggest one-day rise of the year: +3.2%.

Biggest days of 1904

Best daysWorst days
Dec 16+3.2%Dec 12−6.1%
Mar 15+2.6%Dec 7−5.0%
Oct 28+2.3%Jan 2−3.5%
Oct 14+2.1%Oct 31−2.3%
Oct 29+1.8%Feb 9−2.3%

Volatility: 15.2% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan48.91−0.4%50.5047.07
Feb47.53−2.8%49.0346.71
Mar49.12+3.3%49.1246.41
Apr48.80−0.7%49.9848.62
May48.18−1.3%48.7147.43
Jun49.25+2.2%49.4748.08
Jul52.13+5.8%53.1449.31
Aug54.57+4.7%54.6152.68
Sep57.59+5.5%57.5954.94
Oct63.03+9.4%64.5457.59
Nov72.02+14.3%72.3663.72
Dec69.61−3.3%73.2365.77
1900190119021903190419051906190719081909

Dow Jones in 1904: FAQ

How much did the Dow Jones Industrial Average rise in 1904?

The Dow Jones Industrial Average rose 41.7% in 1904, from 49.11 at the end of 1903 to 69.61. Its highest close was 73.23 on Dec 5, and its lowest 46.41 on Mar 12. The biggest one-day fall was −6.1% on Dec 12 and the biggest rise +3.2% on Dec 16. Adjusted for inflation, it gained 35.4%.

What were the highest and lowest closes of the Dow Jones Industrial Average in 1904?

Highest: 73.23 on December 5, 1904. Lowest: 46.41 on March 12, 1904. It closed higher on 173 of 300 trading days.

What happened to the Dow Jones Industrial Average on November 8, 1904?

Theodore Roosevelt wins the US presidential election. The Dow Jones Industrial Average rose 1.3% on the next trading day (November 9, 1904), and was +10.0% a month later.

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.