Dow Jones in 1913

The Dow Jones Industrial Average fell 10.3% in 1913, from 87.87 at the end of 1912 to 78.78. Its highest close was 88.57 on Jan 9, and its lowest 72.11 on Jun 11. The biggest one-day fall was −4.9% on Jan 20 and the biggest rise +3.0% on Jun 12. Adjusted for inflation, it lost 13.0%.

Change in 1913

−10.3%

87.87 → 78.78

High

88.57

Jan 9

Low

72.11

Jun 11

After inflation

−13.0%

US CPI

Up days

130 of 298

longest run 6 up, 8 down

Below record

-23.5%

at the end of 1913

Dow Jones, daily closes 1913

Numbers mark the events below

Key Events in 1913

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

1
Monday, January 20 From the data

Biggest one-day fall of the year: −4.9%.
2
Monday, February 3

Ratification of the Sixteenth Amendment, authorizing a federal income tax, is completed. Source

Dow Jones: −0.5% that day · −4.0% a month later
3
Friday, February 28

The Pujo Committee issues its report on the concentration of banking power. Source

Dow Jones: −0.3% that day · −0.3% a month later
4
Monday, March 31

Financier J. P. Morgan dies. Source

Dow Jones: −0.2% that day · +0.2% a month later
5
Thursday, June 5 From the data

Enters a bear market: 20% below its peak of 94.15 (September 30, 1912).
6
Thursday, June 12 From the data

Biggest one-day rise of the year: +3.0%.
7
Friday, October 3

The Revenue Act of 1913 reimposes the federal income tax and cuts tariff rates. Source

Dow Jones: −0.8% that day · −3.1% a month later
8
Tuesday, December 23

President Wilson signs the Federal Reserve Act. Source

Dow Jones: +0.1% that day · +3.5% a month later

Biggest days of 1913

Best days		Worst days
Jun 12	+3.0%	Jan 20	−4.9%
Oct 21	+2.0%	Jun 10	−2.1%
Feb 26	+1.7%	Jan 13	−2.0%
Mar 25	+1.6%	Jun 9	−1.4%
Jul 21	+1.6%	Jun 2	−1.4%

Volatility: 12.0% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	83.72	−4.7%	88.57	81.55
Feb	80.32	−4.1%	83.64	78.72
Mar	80.92	+0.7%	81.69	78.25
Apr	78.54	−2.9%	83.19	78.39
May	78.38	−0.2%	79.95	78.38
Jun	74.89	−4.5%	77.27	72.11
Jul	78.48	+4.8%	79.06	75.23
Aug	81.81	+4.2%	81.81	78.21
Sep	80.37	−1.8%	83.43	80.27
Oct	78.30	−2.6%	81.43	77.09
Nov	75.94	−3.0%	78.42	75.94
Dec	78.78	+3.7%	78.85	75.27

1910 1911 1912 1913 1914 1915 1916 1917 1918 1919

Dow Jones in 1913: FAQ

How much did the Dow Jones Industrial Average fall in 1913?

What were the highest and lowest closes of the Dow Jones Industrial Average in 1913?

Highest: 88.57 on January 9, 1913. Lowest: 72.11 on June 11, 1913. It closed higher on 130 of 298 trading days.

What happened to the Dow Jones Industrial Average on October 3, 1913?

The Revenue Act of 1913 reimposes the federal income tax and cuts tariff rates. The Dow Jones Industrial Average fell 0.8% that day, and was −3.1% 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.