Point Distance: Dow Djia

point distance: Still, the Dow was still about 150 points shy of spanning the 1,000-point distance since it reached 19,000 on Nov. 22 after a rebound on Thursday, according to Market Watch. A close above 20,000 in the next few sessions would mark the fastest such ascent for the gauge in its history. The Dow DJIA, -0.04% sold off on Wednesday as the Federal Open Market Committee raised rates for the first time in 12 months and communicated that future hikes would come at a faster pace than had previously been expected. Check out A live blog of the Fed interest-rate decision and news conference But, is the rise for the Dow really that significant Some critics point out the benchmark only represents a smattering 30 in total of the thousands of stocks that make up the broader equity market. Notably, the surge in shares of Goldman Sachs GS, -1.69% which has benefited from expectations of looser Wall Street regulation and higher interest rates, has contributed about one-third of the Dow recent 1,000 point move since hitting 19,000 back on Nov. 22. Moreover, outsize moves in any one of its components, because the gauge is price weighted, can have a big effect on the Dow. (news.financializer.com). As reported in the news.