Dow Jones: Dow and Month Gain

dow jones: Over the month following that win, the Dow Jones Industrial Average DJIA, -0.24% jumped 8%. A similar-sized gained these days would add more than 1,400 points to the Dow, according to Market Watch. The stock market immediate reaction following the last Cleveland Indians' World Series win, in 1948, was considerably different: Over the month following that victory, the Dow slumped 4.9%. This divergence widened even further over the 12 months after those World Series. That because the market soared following their previous victory — yes, back in 1908. In the year after the Cubs won in 1908, the Dow climbed 20.3%, about 18 percentage points better than the 2.4% 12-month gain following the last Indians championship. Photo: Getty Images Yes, the Cubs pulled it off with an 8-7 win, breaking the 108-year drought since that last World Championship, but only after 10 dramatic innings. Chicago Cubs Win First World Series in 108 Years The Chicago Cubs beat the Cleveland Indians 8-7 in Game 7 to win the World Series, ending the longest Series drought in a U.S. city. (news.financializer.com). As reported in the news.