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This Day In Market History, March 29: Dow Hits 10,000 For The First Time
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This Day In Market History, March 26: OPEC Raises Crude Oil Prices By 9%
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This Day In Market History, March 19: Capital Cities Buys ABC
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Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1997,
Walmart Inc (NYSE: WMT),
Johnson & Johnson (NYSE: JNJ),
Travelers Companies Inc (NYSE: TRV) and
Hewlett Packard Enterprise Co (NYSE: HPE) joined the Dow Jones Industrial Average.
Where The Market Was: The S&P 500 traded at 795.71 and the Dow traded at 6,955.48.
What Else Was Going On In The World? In 1997, Princess Diana was killed in a car crash in Paris, France. The average cost of a new house was $124,100.
Modernizing The Dow: The 1997 shuffle of the Dow Jones Industrial Average components represented an updating of the index from the old industrial U.S. economy to the modern tech and healthcare-driven economy.
This Day In Market History, March 16: Bear Stearns Merges With JPMorgan
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.