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Dow Jones in 1937

The Dow Jones Industrial Average fell 32.8% in 1937, from 179.90 at the end of 1936 to 120.85. Its highest close was 194.40 on Mar 10, and its lowest 113.64 on Nov 24. The biggest one-day fall was −7.8% on Oct 18 and the biggest rise +6.1% on Oct 20. Adjusted for inflation, it lost 34.7%.

Change in 1937
−32.8%
179.90 → 120.85
High
194.40
Mar 10
Low
113.64
Nov 24
After inflation
−34.7%
US CPI
Up days
148 of 299
longest run 6 up, 7 down
Below record
-68.3%
at the end of 1937

Dow Jones, daily closes 1937

Numbers mark the events below
121154187JanFebMarAprMayJunJulAugSepOctNovDec1Mar 10: Back above its pre-bear-market peak of 194.36 (February 24, 1931).2May 1: Final step takes effect, completing the doubling of Fed reserve requirements since August 1936.3Jul 7: Marco Polo Bridge incident begins the Second Sino-Japanese War.4Sep 23: Enters a bear market: 20% below its peak of 194.40 (March 10, 1937).5Oct 18: Biggest one-day fall of the year: −7.8%.6Oct 20: Biggest one-day rise of the year: +6.1%.

Key Events in 1937

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

  1. 1
    Wednesday, March 10 From the data
    Back above its pre-bear-market peak of 194.36 (February 24, 1931).
  2. 2
    Saturday, May 1
    Final step takes effect, completing the doubling of Fed reserve requirements since August 1936. Source
    Dow Jones: +0.1% that day · −0.3% a month later
  3. 3
    Wednesday, July 7
    Marco Polo Bridge incident begins the Second Sino-Japanese War. Source
    Dow Jones: +0.5% that day · +4.1% a month later
  4. 4
    Thursday, September 23 From the data
    Enters a bear market: 20% below its peak of 194.40 (March 10, 1937).
  5. 5
    Monday, October 18 From the data
    Biggest one-day fall of the year: −7.8%.
  6. 6
    Wednesday, October 20 From the data
    Biggest one-day rise of the year: +6.1%.

Biggest days of 1937

Best daysWorst days
Oct 20+6.1%Oct 18−7.8%
Oct 25+5.7%Nov 19−5.9%
Nov 10+4.8%Oct 5−5.3%
Nov 27+4.6%Nov 22−5.2%
Nov 26+4.1%Sep 10−5.0%

Volatility: 25.0% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan185.74+3.2%186.90177.72
Feb187.30+0.8%190.29186.01
Mar186.41−0.5%194.40179.82
Apr174.27−6.5%185.19170.13
May174.71+0.3%176.30167.46
Jun169.32−3.1%175.14165.51
Jul185.61+9.6%185.61170.13
Aug177.41−4.4%190.02175.91
Sep154.57−12.9%173.08147.38
Oct138.17−10.6%154.08125.73
Nov123.48−10.6%135.94113.64
Dec120.85−2.1%129.98118.93
1930193119321933193419351936193719381939

Dow Jones in 1937: FAQ

How much did the Dow Jones Industrial Average fall in 1937?

The Dow Jones Industrial Average fell 32.8% in 1937, from 179.90 at the end of 1936 to 120.85. Its highest close was 194.40 on Mar 10, and its lowest 113.64 on Nov 24. The biggest one-day fall was −7.8% on Oct 18 and the biggest rise +6.1% on Oct 20. Adjusted for inflation, it lost 34.7%.

What were the highest and lowest closes of the Dow Jones Industrial Average in 1937?

Highest: 194.40 on March 10, 1937. Lowest: 113.64 on November 24, 1937. It closed higher on 148 of 299 trading days.

What happened to the Dow Jones Industrial Average on July 7, 1937?

Marco Polo Bridge incident begins the Second Sino-Japanese War. The Dow Jones Industrial Average rose 0.5% that day, and was +4.1% 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.