The Dow closed 31 July at 52,485.03 (S&P Dow Jones Indices data), inside the middle band.
Resolved 31 Jul 2026
How this resolves
The Dow market resolves on the official S&P Dow Jones Indices closing value for 31 July 2026 published at spglobal.com and reported by Reuters; if 31 July is not a trading day, the prior session's close applies.
The pattern behind it
4 of 5
In four of five years with a record-heavy first half, the index ended the year higher than at midyear. The fifth was 1987 — which also featured a new Fed chair tightening into a weak dollar.
Since 1987, five years began with a long run of S&P 500 records. We checked whether the index ended each of those years higher than it stood at midyear. Four did. The exception was 1987, the year of the Black Monday crash.
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