Advertisement
Australia markets closed

  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     

  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     

  • AUD/USD

    0.6550
    +0.0027 (+0.41%)
     

  • OIL

    83.92
    +0.35 (+0.42%)
     

  • GOLD

    2,353.50
    +11.00 (+0.47%)
     

  • Bitcoin AUD

    98,370.91
    +288.66 (+0.29%)
     

  • CMC Crypto 200

    1,389.08
    -7.46 (-0.53%)
     

  • AUD/EUR

    0.6099
    +0.0026 (+0.43%)
     

  • AUD/NZD

    1.0973
    +0.0016 (+0.14%)
     

  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     

  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     

  • DAX

    17,917.28
    -171.42 (-0.95%)
     

  • Hang Seng

    17,716.69
    +432.15 (+2.50%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Here's how close the Dow really came to striking 20,000

Fred Imbert

The Dow Jones industrial average (Dow Jones Global Indexes: .DJI) came within 0.37 points of reaching 20,000 on Friday, but that doesn't tell the whole story.

In order to obtain that remaining fraction of a point, any Dow component would have needed to rise by just five cents at that time. A five-cent move is equivalent to a 0.02 percent move in Goldman Sachs (GS), the highest-priced Dow stock, or a 0.18 percent move in Cisco Systems (CSCO), the lowest-priced component. The Dow would have also reached 20,000 if five Dow stocks would have gained 1 cent each at that point.

At 12:43 p.m. ET, the Dow hit 19,999.63 and continued flirting with the milestone throughout the afternoon.

Dow intraday chart

Source: FactSet



More From CNBC

  • Top News and Analysis

  • Latest News Video

  • Personal Finance