Dow Jones in 1934

The Dow Jones Industrial Average rose 4.1% in 1934, from 99.90 at the end of 1933 to 104.04. Its highest close was 110.74 on Feb 5, and its lowest 85.51 on Jul 26. The biggest one-day fall was −6.6% on Jul 26 and the biggest rise +4.6% on Jan 15. Adjusted for inflation, it gained 2.6%.

Change in 1934

+4.1%

99.90 → 104.04

High

110.74

Feb 5

Low

85.51

Jul 26

After inflation

+2.6%

US CPI

Up days

147 of 301

longest run 8 up, 5 down

Below record

-72.7%

at the end of 1934

Dow Jones, daily closes 1934

Numbers mark the events below

Key Events in 1934

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

1
Monday, January 15 From the data

Biggest one-day rise of the year: +4.6%.
2
Tuesday, January 30

Roosevelt signs the Gold Reserve Act, transferring the Federal Reserve's gold to the Treasury. Source

Dow Jones: +1.0% that day · −2.9% a month later
3
Tuesday, January 30 From the data

Back above its pre-bear-market peak of 108.67 (July 18, 1933).
4
Wednesday, January 31

The official US gold price is raised from $20.67 to $35 per troy ounce. Source

Dow Jones: −1.6% that day · −5.4% a month later
5
Wednesday, June 6

Roosevelt signs the Securities Exchange Act, establishing the SEC. Source

Dow Jones: +0.1% that day · +1.2% a month later
6
Thursday, July 26 From the data

Enters a bear market: 20% below its peak of 110.74 (February 5, 1934). Bear market low: 85.51, 22.8% below the peak. Biggest one-day fall of the year: −6.6%.

Biggest days of 1934

Best days		Worst days
Jan 15	+4.6%	Jul 26	−6.6%
Jun 8	+3.9%	Sep 14	−2.9%
May 17	+3.5%	Jul 23	−2.8%
Dec 28	+2.9%	May 7	−2.7%
Aug 1	+2.9%	Jul 20	−2.6%

Volatility: 19.6% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	107.22	+7.3%	108.99	96.73
Feb	103.46	−3.5%	110.74	103.12
Mar	101.85	−1.6%	105.79	98.76
Apr	100.49	−1.3%	106.55	100.49
May	94.00	−6.5%	100.62	91.81
Jun	95.72	+1.8%	100.42	91.41
Jul	88.05	−8.0%	99.02	85.51
Aug	92.86	+5.5%	95.71	87.47
Sep	92.63	−0.2%	93.65	86.69
Oct	93.36	+0.8%	95.60	90.41
Nov	102.94	+10.3%	103.08	93.46
Dec	104.04	+1.1%	104.04	99.59

1930 1931 1932 1933 1934 1935 1936 1937 1938 1939

Dow Jones in 1934: FAQ

How much did the Dow Jones Industrial Average rise in 1934?

What were the highest and lowest closes of the Dow Jones Industrial Average in 1934?

Highest: 110.74 on February 5, 1934. Lowest: 85.51 on July 26, 1934. It closed higher on 147 of 301 trading days.

What happened to the Dow Jones Industrial Average on January 31, 1934?

The official US gold price is raised from $20.67 to $35 per troy ounce. The Dow Jones Industrial Average fell 1.6% that day, and was −5.4% 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.

Cite this page

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APA 7

Corgano. (2026, November 1). Dow Jones in 1934. Corgano Gold Price. Retrieved November 1, 2026, from https://goldprice.corgano.com/market-history/dow-jones/1934

MLA 9

“Dow Jones in 1934.” Corgano Gold Price, goldprice.corgano.com/market-history/dow-jones/1934. Accessed 1 Nov. 2026.

Chicago

Corgano. “Dow Jones in 1934.” Corgano Gold Price. Accessed November 1, 2026. https://goldprice.corgano.com/market-history/dow-jones/1934.

BibTeX

@misc{corgano2026dowjonesin1934, author = {{Corgano}}, title = {Dow Jones in 1934}, howpublished = {\url{https://goldprice.corgano.com/market-history/dow-jones/1934}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}

Link

Dow Jones in 1934 — Corgano Gold Price: https://goldprice.corgano.com/market-history/dow-jones/1934