Since the Dow first settled above 11K on May 3, 1999, it has closed above this milestone 27% of the time (780 out of the last 2,879 trading sessions, or 11+ years of trading)
Here is a look at the market gains and losses since the Dow first crossed above 11K through yesterday's close.
- Since May 3, 1999, the Dow is down 0.6%, while the S&P 500 posted a loss of nearly 15%, and the NASDAQ composite is lower by 6%
- Oil closed at $18.85 per barrel and is up +333%
- Gallon of gas US regular conventional was $1.107 and is up +150% (Current US Average: $2.768 per gallon)
- Gold closed at $287.6 and is up +364%
- 10-year Note was yielding at 5.359% and is down -56% (the 10-year note is currently yielding at 2.382%, so it has lost more than half its yield)
- In 1999, the Dow dropped 4 companies Chevron (CVX), Goodyear Tire (GT), Sears (SHLD but formerly S), and Union Carbide which were replaced by Home Depot (HD), Intel (INTC), Microsoft (MSFT) and SBC Communications (SBC) which became AT&T
- In February, 2008, Chevron (CVX) moved back into the Dow with Bank of America (BAC), replacing Altria and Honeywell
- In Jun, 2009, GM and Citigroup were replaced by Travelers (TRV) and Cisco (CSCO)
Dow 11K Timeline
May 3, 2010: Last time the Dow closed above 11K
- Dow closed at 11,151.83
- S&P closed at 1,202.26
NASDAQ closed at 2,498.74 - Oil settled at $86.19 per barrel
- Gallon of gas US regular conventional was $2.864 per EIA (as of 5/3/10 - weekly data)
Gold settled at $1,183.3 - 10-Year Note Yield 3.69%
- In 2010, the Dow has closed above 11K 15 times. (from 4/12/10 to 5/3/10, except for 1 day: 4/27/10)
The Dow spend almost 2.5 years below 11K before crossing above 11K on an intraday basis on 4/9/10, and closing above it on 4/12/10. Prior to April, 2010, the last time the Dow closed above 11K was 9/26/08.
September 26, 2008: Last time the Dow closed above 11K prior to 4/12/10
- Dow closed at 11,143.13
- S&P closed at 1,213.01
- NASDAQ closed at 2,183.34
- Oil settled at $106.89 per barrel
- Gallon of gas US regular conventional was $3.644 per EIA (as of 9/29/08 - weekly data)
- Gold settled at $888.5
- 10-Year Note Yield 3.85%
May 3rd, 1999: First time the Dow crossed 11K
- Dow closed above 11K for the first time at 11,014.69
- S&P closed at 1,354.63
- NASDAQ closed at 2,535.58
- Oil settled at $18.85 per barrel
- Gallon of gas US regular conventional was $1.107 per EIA
- Gold settled at $287.6
- 10-year Note Yield 5.359%
Comments? Send them to bythenumbers@cnbc.com
bythenumbers.cnbc.com
