The Dow Jones Industrial Average first closed above 10,000 on March 29, 1999 amid a historic bull market in technology stocks.
From 1984 to 1999, the percentage of Americans investing in mutual funds rose by 250%. The total return of the index over that period exceeded 1250%.
Dow’s first close above 10,000 – March 29, 1999
New York Mayor Rudolph Giuliani rang the closing bell at the New York Stock Exchange as commemorative hats were passed out to traders on the floor. Images on cable business news channels made the hats instant collectibles.
This authentic Dow 10,000 hat was a gift from then-NYSE President Dick Grasso and comes with a copy of the Backstreet Boys’ hit 1999 CD Millennium and vintage Capitalistpig ‘Zine.