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Dow Jones in 1988

The Dow Jones Industrial Average rose 11.8% in 1988, from 1,938.83 at the end of 1987 to 2,168.57. Its highest close was 2,183.50 on Oct 21, and its lowest 1,879.14 on Jan 20. The biggest one-day fall was −6.9% on Jan 8 and the biggest rise +3.9% on Jan 4. Adjusted for inflation, it gained 7.1%.

Change in 1988
+11.8%
1,938.83 → 2,168.57
High
2,183.50
Oct 21
Low
1,879.14
Jan 20
After inflation
+7.1%
US CPI
Up days
134 of 253
longest run 6 up, 5 down
Below record
-20.3%
at the end of 1988

Dow Jones, daily closes 1988

Numbers mark the events below
1,9082,0312,155JanFebMarAprMayJunJulAugSepOctNovDec1Jan 4: Biggest one-day rise of the year: +3.9%.2Jan 8: Reagan receives the Brady Task Force report on the 1987 crash.3Nov 8: George H. W. Bush is elected US president.

Key Events in 1988

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

  1. 1
    Monday, January 4 From the data
    Biggest one-day rise of the year: +3.9%.
  2. 2
    Friday, January 8
    Reagan receives the Brady Task Force report on the 1987 crash. Source
    Dow Jones: −6.9% that day · −6.9% a month later
  3. 3
    Tuesday, November 8
    George H. W. Bush is elected US president. Source
    Dow Jones: +0.1% that day · +1.4% a month later

Biggest days of 1988

Best daysWorst days
Jan 4+3.9%Jan 8−6.9%
May 31+3.8%Apr 14−4.8%
Apr 6+3.2%Jan 20−3.0%
Sep 2+2.6%Mar 10−2.3%
Feb 10+2.5%Nov 11−2.3%

Volatility: 18.1% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan1,958.22+1.0%2,051.891,879.14
Feb2,071.62+5.8%2,071.621,895.72
Mar1,988.06−4.0%2,087.371,978.12
Apr2,032.33+2.2%2,110.081,980.60
May2,031.12−0.1%2,058.361,941.48
Jun2,141.71+5.4%2,152.202,052.45
Jul2,128.73−0.6%2,158.612,053.70
Aug2,031.65−4.6%2,134.071,989.33
Sep2,112.91+4.0%2,119.312,002.31
Oct2,148.65+1.7%2,183.502,102.06
Nov2,114.51−1.6%2,170.342,038.58
Dec2,168.57+2.6%2,182.682,092.28

Other Markets in 1988

Change over the calendar year.

MarketChangeYear-end
Dow Jones+11.8%2,168.57
S&P 500 in 1988+12.4%277.72
Nasdaq Composite in 1988+15.4%381.40
Russell 2000 in 1988+22.4%147.37
Nikkei 225 in 1988+39.9%30,159.00
Gold in 1988−15.3%$410.25
Silver in 1988−9.7%$6.05
WTI crude oil in 1988+2.3%$17.12
Brent crude oil in 1988−7.8%$16.23
US 10-year Treasury yield in 1988+0.31 pp9.14%
1980198119821983198419851986198719881989

Dow Jones in 1988: FAQ

How much did the Dow Jones Industrial Average rise in 1988?

The Dow Jones Industrial Average rose 11.8% in 1988, from 1,938.83 at the end of 1987 to 2,168.57. Its highest close was 2,183.50 on Oct 21, and its lowest 1,879.14 on Jan 20. The biggest one-day fall was −6.9% on Jan 8 and the biggest rise +3.9% on Jan 4. Adjusted for inflation, it gained 7.1%.

What were the highest and lowest closes of the Dow Jones Industrial Average in 1988?

Highest: 2,183.50 on October 21, 1988. Lowest: 1,879.14 on January 20, 1988. It closed higher on 134 of 253 trading days.

What happened to the Dow Jones Industrial Average on January 8, 1988?

Reagan receives the Brady Task Force report on the 1987 crash. The Dow Jones Industrial Average fell 6.9% that day, and was −6.9% 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.