What was the Dow Jones Industrial Average's peak close before the 1929 crash?

The Dow Jones Industrial Average peaked at a closing level of 381.17 points before the 1929 crash.

That record close was reached on September 3, 1929, after a spectacular bull market during the “Roaring Twenties.” The Dow had risen roughly tenfold over the preceding nine years, encouraging widespread speculation and the belief that prices would continue climbing.

The peak did not mark the crash's single most dramatic day. Selling intensified in October, including Black Thursday on October 24, Black Monday on October 28 and Black Tuesday on October 29. By October 29, the Dow closed at 230.07, a two-day loss of more than 23%.

Another frequent confusion is the distinction between a closing high and an intraday high. The quiz asks for the peak close, which was 381.17. The Dow later fell much further, reaching a closing low of 41.22 on July 8, 1932. It did not regain its 1929 closing peak until November 1954, more than 25 years later.