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Dow Jones in 1948

The Dow Jones Industrial Average fell 2.1% in 1948, from 181.16 at the end of 1947 to 177.30. Its highest close was 193.16 on Jun 15, and its lowest 165.39 on Mar 16. The biggest one-day fall was −3.8% on Nov 3 and the biggest rise +2.0% on May 14. Adjusted for inflation, it lost 5.0%.

Change in 1948
−2.1%
181.16 → 177.30
High
193.16
Jun 15
Low
165.39
Mar 16
After inflation
−5.0%
US CPI
Up days
150 of 283
longest run 10 up, 7 down
Below record
-53.5%
at the end of 1948

Dow Jones, daily closes 1948

Numbers mark the events below
168179191JanFebMarAprMayJunJulAugSepOctNovDec2Apr 3: President Truman signs the Economic Cooperation Act (Marshall Plan).3May 14: Biggest one-day rise of the year: +2.0%.4Jun 24: Soviet Union begins the Berlin Blockade.5Nov 2: Harry S. Truman wins the US presidential election, defeating Thomas E. Dewey.

Key Events in 1948

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

  1. 1
    Thursday, January 1
    General Agreement on Tariffs and Trade comes into force. Source
    Dow Jones: −0.1% next trading day (Jan 2) · −5.4% a month later
  2. 2
    Saturday, April 3
    President Truman signs the Economic Cooperation Act (Marshall Plan). Source
    Dow Jones: +0.1% that day · +2.1% a month later
  3. 3
    Friday, May 14 From the data
    Biggest one-day rise of the year: +2.0%.
  4. 4
    Thursday, June 24
    Soviet Union begins the Berlin Blockade. Source
    Dow Jones: +0.1% that day · −2.8% a month later
  5. 5
    Tuesday, November 2
    Harry S. Truman wins the US presidential election, defeating Thomas E. Dewey. Source
    Dow Jones: −3.8% next trading day (Nov 3) · −9.4% a month later

Biggest days of 1948

Best daysWorst days
May 14+2.0%Nov 3−3.8%
Mar 20+2.0%Nov 5−3.3%
Oct 22+1.8%Jul 19−2.5%
Mar 19+1.6%Feb 10−2.5%
Jul 20+1.3%Nov 9−2.4%

Volatility: 11.2% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan175.05−3.4%181.04171.18
Feb167.30−4.4%174.92165.65
Mar177.20+5.9%177.20165.39
Apr180.51+1.9%183.78177.32
May190.74+5.7%191.06180.28
Jun189.46−0.7%193.16187.90
Jul181.33−4.3%191.62181.20
Aug181.71+0.2%183.60179.27
Sep178.30−1.9%185.36175.99
Oct188.62+5.8%190.19179.87
Nov171.20−9.2%189.76171.20
Dec177.30+3.6%177.92173.22
1940194119421943194419451946194719481949

Dow Jones in 1948: FAQ

How much did the Dow Jones Industrial Average fall in 1948?

The Dow Jones Industrial Average fell 2.1% in 1948, from 181.16 at the end of 1947 to 177.30. Its highest close was 193.16 on Jun 15, and its lowest 165.39 on Mar 16. The biggest one-day fall was −3.8% on Nov 3 and the biggest rise +2.0% on May 14. Adjusted for inflation, it lost 5.0%.

What were the highest and lowest closes of the Dow Jones Industrial Average in 1948?

Highest: 193.16 on June 15, 1948. Lowest: 165.39 on March 16, 1948. It closed higher on 150 of 283 trading days.

What happened to the Dow Jones Industrial Average on November 2, 1948?

Harry S. Truman wins the US presidential election, defeating Thomas E. Dewey. The Dow Jones Industrial Average fell 3.8% on the next trading day (November 3, 1948), and was −9.4% 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.