Dow Jones in 1924

The Dow Jones Industrial Average rose 26.2% in 1924, from 95.52 at the end of 1923 to 120.51. Its highest close was 120.51 on Dec 31 — a record that stood until January 2, 1925, and its lowest 88.33 on May 20. The biggest one-day fall was −3.4% on Feb 15 and the biggest rise +2.1% on Dec 31. Adjusted for inflation, it gained 26.2%.

Change in 1924

+26.2%

95.52 → 120.51

High

120.51

Dec 31

Low

88.33

May 20

After inflation

+26.2%

US CPI

Up days

177 of 302

longest run 9 up, 9 down

Record highs

closing records

Dow Jones, daily closes 1924

Numbers mark the events below

Key Events in 1924

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

1
Friday, February 15 From the data

Biggest one-day fall of the year: −3.4%.
2
Friday, March 21

Massachusetts Investors Trust, the first US open-end mutual fund, is established. Source

Dow Jones: 0.0% that day · −6.2% a month later
3
Monday, June 2

The Revenue Act of 1924 is signed, cutting federal income tax rates. Source

Dow Jones: +0.3% that day · +4.2% a month later
4
Monday, September 1

The Dawes Plan for German reparations goes into effect. Source

Dow Jones: −0.2% next trading day (Sep 2) · −1.0% a month later
5
Tuesday, November 4

Calvin Coolidge wins the US presidential election. Source

Dow Jones: +1.2% next trading day (Nov 5) · +7.2% a month later
6
Wednesday, December 31 From the data

closes at a record high of 120.51. Back above its pre-bear-market peak of 119.62 (November 3, 1919). Biggest one-day rise of the year: +2.1%.

Biggest days of 1924

Best days		Worst days
Dec 31	+2.1%	Feb 15	−3.4%
Sep 17	+1.7%	Apr 21	−2.1%
May 1	+1.6%	Oct 14	−2.1%
Jun 11	+1.6%	Feb 18	−1.8%
Dec 26	+1.6%	Sep 5	−1.7%

Volatility: 11.6% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	100.66	+5.4%	100.66	94.88
Feb	97.22	−3.4%	101.31	96.33
Mar	93.01	−4.3%	98.86	92.28
Apr	90.63	−2.6%	94.69	89.18
May	89.90	−0.8%	92.47	88.33
Jun	96.37	+7.2%	96.37	89.18
Jul	102.14	+6.0%	102.14	96.38
Aug	105.16	+3.0%	105.57	101.51
Sep	103.16	−1.9%	104.95	100.76
Oct	104.06	+0.9%	104.08	99.18
Nov	111.38	+7.0%	111.38	103.89
Dec	120.51	+8.2%	120.51	110.44

1920 1921 1922 1923 1924 1925 1926 1927 1928 1929

Dow Jones in 1924: FAQ

How much did the Dow Jones Industrial Average rise in 1924?

What were the highest and lowest closes of the Dow Jones Industrial Average in 1924?

Highest: 120.51 on December 31, 1924. Lowest: 88.33 on May 20, 1924. It closed higher on 177 of 302 trading days.

What happened to the Dow Jones Industrial Average on November 4, 1924?

Calvin Coolidge wins the US presidential election. The Dow Jones Industrial Average rose 1.2% on the next trading day (November 5, 1924), and was +7.2% a month later.

Did the Dow Jones Industrial Average reach a record high in 1924?

Yes — 1 record closing high, the last at 120.51 on December 31, 1924.

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.