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Dow Jones in 1997

The Dow Jones Industrial Average rose 22.6% in 1997, from 6,448.26 at the end of 1996 to 7,908.24. Its highest close was 8,259.30 on Aug 6 — a record that stood until February 10, 1998, and its lowest 6,391.69 on Apr 11. The biggest one-day fall was −7.2% on Oct 27 and the biggest rise +4.7% on Oct 28. Adjusted for inflation, it gained 20.6%.

Change in 1997
+22.6%
6,448.26 → 7,908.24
High
8,259.30
Aug 6
Low
6,391.69
Apr 11
After inflation
+20.6%
US CPI
Up days
138 of 253
longest run 7 up, 5 down
Record highs
39
closing records

Dow Jones, daily closes 1997

Numbers mark the events below
6,5677,3258,084previous recordJanFebMarAprMayJunJulAugSepOctNovDec1Jan 6: Dow Jones sets the first of 39 record closing highs this year, at 6,567.17.2Feb 13: Dow Jones closes above 7,000 for the first time (7,022.43).3Jul 2: Thailand floats the baht, starting the Asian financial crisis.4Jul 16: Dow Jones closes above 8,000 for the first time (8,038.88).5Aug 6: Last record close of the year: 8,259.30.6Oct 23: Hong Kong Monetary Authority raises overnight rates to defend the dollar peg as the Hang Seng slumps.7Oct 27: Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early.8Oct 28: Biggest one-day rise of the year: +4.7%.

Key Events in 1997

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

  1. 1
    Monday, January 6 From the data
    Dow Jones sets the first of 39 record closing highs this year, at 6,567.17.
  2. 2
    Thursday, February 13 From the data
    Dow Jones closes above 7,000 for the first time (7,022.43).
  3. 3
    Wednesday, July 2
    Thailand floats the baht, starting the Asian financial crisis. Source
    Dow Jones: +0.9% that day · +6.5% a month later
  4. 4
    Wednesday, July 16 From the data
    Dow Jones closes above 8,000 for the first time (8,038.88).
  5. 5
    Wednesday, August 6 From the data
    Last record close of the year: 8,259.30.
  6. 6
    Thursday, October 23
    Hong Kong Monetary Authority raises overnight rates to defend the dollar peg as the Hang Seng slumps. Source
    Dow Jones: −2.3% that day · −2.6% a month later
  7. 7
    Monday, October 27
    Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early. Source
    Dow Jones: −7.2% that day · +0.7% a month later
  8. 8
    Tuesday, October 28 From the data
    Biggest one-day rise of the year: +4.7%.

Biggest days of 1997

Best daysWorst days
Oct 28+4.7%Oct 27−7.2%
Sep 2+3.4%Aug 15−3.1%
Nov 3+3.1%Jun 23−2.5%
Apr 29+2.6%Mar 31−2.3%
Apr 22+2.6%Oct 23−2.3%

Volatility: 18.7% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan6,813.08+5.7%6,883.896,442.49
Feb6,877.73+0.9%7,067.466,746.89
Mar6,583.47−4.3%7,085.166,583.47
Apr7,008.99+6.5%7,008.996,391.69
May7,331.04+4.6%7,383.406,976.47
Jun7,672.79+4.7%7,796.517,269.65
Jul8,222.61+7.2%8,254.897,722.32
Aug7,622.42−7.3%8,259.307,622.42
Sep7,945.25+4.2%7,996.837,660.98
Oct7,442.08−6.3%8,178.317,161.14
Nov7,823.12+5.1%7,881.067,401.31
Dec7,908.24+1.1%8,149.137,660.12

Other Markets in 1997

Change over the calendar year.

MarketChangeYear-end
Dow Jones+22.6%7,908.24
S&P 500 in 1997+31.0%970.43
Nasdaq Composite in 1997+21.6%1,570.35
Russell 2000 in 1997+20.5%437.02
Nikkei 225 in 1997−21.2%15,259.00
Gold in 1997−21.4%$290.20
Silver in 1997+25.4%$5.98
WTI crude oil in 1997−31.9%$17.65
Brent crude oil in 1997−33.6%$15.86
US 10-year Treasury yield in 1997−0.68 pp5.75%
1990199119921993199419951996199719981999

Dow Jones in 1997: FAQ

How much did the Dow Jones Industrial Average rise in 1997?

The Dow Jones Industrial Average rose 22.6% in 1997, from 6,448.26 at the end of 1996 to 7,908.24. Its highest close was 8,259.30 on Aug 6 — a record that stood until February 10, 1998, and its lowest 6,391.69 on Apr 11. The biggest one-day fall was −7.2% on Oct 27 and the biggest rise +4.7% on Oct 28. Adjusted for inflation, it gained 20.6%.

What were the highest and lowest closes of the Dow Jones Industrial Average in 1997?

Highest: 8,259.30 on August 6, 1997. Lowest: 6,391.69 on April 11, 1997. It closed higher on 138 of 253 trading days.

What happened to the Dow Jones Industrial Average on October 27, 1997?

Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early. The Dow Jones Industrial Average fell 7.2% that day, and was +0.7% a month later.

Did the Dow Jones Industrial Average reach a record high in 1997?

Yes — 39 record closing highs, the last at 8,259.30 on August 6, 1997.

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.

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APA 7
Corgano. (2026, November 1). Dow Jones in 1997. Corgano Gold Price. Retrieved November 1, 2026, from https://goldprice.corgano.com/market-history/dow-jones/1997
MLA 9
“Dow Jones in 1997.” Corgano Gold Price, goldprice.corgano.com/market-history/dow-jones/1997. Accessed 1 Nov. 2026.
Chicago
Corgano. “Dow Jones in 1997.” Corgano Gold Price. Accessed November 1, 2026. https://goldprice.corgano.com/market-history/dow-jones/1997.
BibTeX
@misc{corgano2026dowjonesin1997, author = {{Corgano}}, title = {Dow Jones in 1997}, howpublished = {\url{https://goldprice.corgano.com/market-history/dow-jones/1997}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}
Link
Dow Jones in 1997 — Corgano Gold Price: https://goldprice.corgano.com/market-history/dow-jones/1997