Dow Jones in 1977

The Dow Jones Industrial Average fell 17.3% in 1977, from 1,004.65 at the end of 1976 to 831.17. Its highest close was 999.75 on Jan 3, and its lowest 800.85 on Nov 2. The biggest one-day fall was −2.2% on Jul 27 and the biggest rise +1.7% on Nov 10. Adjusted for inflation, it lost 22.5%.

Change in 1977

−17.3%

1,004.65 → 831.17

High

999.75

Jan 3

Low

800.85

Nov 2

After inflation

−22.5%

US CPI

Up days

121 of 252

longest run 6 up, 8 down

Below record

-21.0%

at the end of 1977

Dow Jones, daily closes 1977

Numbers mark the events below

Key Events in 1977

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

1
Thursday, July 14

NYSE stays closed for the day after the New York City blackout. Source

Dow Jones: +0.3% next trading day (Jul 15) · −3.5% a month later
2
Wednesday, July 27 From the data

Biggest one-day fall of the year: −2.2%.
3
Friday, October 21 From the data

Enters a bear market: 20% below its peak of 1,014.79 (September 21, 1976).
4
Thursday, November 10 From the data

Biggest one-day rise of the year: +1.7%.

Biggest days of 1977

Best days		Worst days
Nov 10	+1.7%	Jul 27	−2.2%
Nov 11	+1.6%	Dec 6	−1.7%
Oct 26	+1.5%	Nov 29	−1.5%
Apr 12	+1.4%	May 23	−1.4%
Mar 14	+1.1%	Nov 1	−1.4%

Volatility: 10.3% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	954.37	−5.0%	999.75	954.37
Feb	936.42	−1.9%	958.36	931.52
Mar	919.13	−1.8%	968.00	919.13
Apr	926.90	+0.8%	947.76	914.60
May	898.66	−3.0%	943.44	898.66
Jun	916.30	+2.0%	929.70	903.04
Jul	890.07	−2.9%	923.42	888.43
Aug	861.49	−3.2%	891.81	854.12
Sep	847.11	−1.7%	876.39	834.72
Oct	818.35	−3.4%	851.96	801.54
Nov	829.70	+1.4%	845.89	800.85
Dec	831.17	+0.2%	831.17	806.22

Other Markets in 1977

Change over the calendar year.

Market	Change	Year-end
Dow Jones	−17.3%	831.17
S&P 500 in 1977	−11.5%	95.10
Nasdaq Composite in 1977	+7.3%	105.05
Gold in 1977	+22.6%	$164.95
Silver in 1977	+9.2%	$4.76
US 10-year Treasury yield in 1977	+0.97 pp	7.78%

1970 1971 1972 1973 1974 1975 1976 1977 1978 1979

Dow Jones in 1977: FAQ

How much did the Dow Jones Industrial Average fall in 1977?

What were the highest and lowest closes of the Dow Jones Industrial Average in 1977?

Highest: 999.75 on January 3, 1977. Lowest: 800.85 on November 2, 1977. It closed higher on 121 of 252 trading days.

What happened to the Dow Jones Industrial Average on July 14, 1977?

NYSE stays closed for the day after the New York City blackout. The Dow Jones Industrial Average rose 0.3% on the next trading day (July 15, 1977), and was −3.5% 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.