Flush with optimism about a Donald Trump presidency and what it means for the economy and markets, equities have soared this month, but the Dow Jones industrial average's gain of more than 1,000 points is not nearly as noteworthy as similar moves have been in the past.
For November, the Dow is on pace to rise more than 1,000 points. If it does close this much higher, it will be only the fifth time ever, according to data from FactSet.
As of 10:15 a.m. ET, a gain of 1,062.93 points for the month translated to a jump of 5.9 percent. This is the smallest percent increase the index has posted for a jump of more than 1,000 points. In contrast, the first time the Dow jumped by 1,000 points — in April 1999 when it shot 1002.88 points higher — that translated to a gain of 10.3 percent.