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Fortune
Fortune
Christina Austin

Here's What We Were Doing When the Dow Hit 10,000

Fans line up at the Ziegfeld Theatre in New York 0 (Credit: Photo by STAN HONDA AFP--Getty Images)
The Dow Jones industrial average is inching closer to 20,000 for the very first time in its history, and is likely to hit it before the 2016 ball drops. It's a noteworthy milestone. The first time it hit 10,000, on Mar. 29, 1999, the world was a very different place. (It crossed a number of times after, including, the last time, in 2009 after the financial crisis.) iPhones did not exist yet. Donald Trump was in the midst of divorcing his second wife Marla Maples. Listening to CDs was not, yet, ironic. Dow points can start to feel meaningless. But the full rundown of what we were watching, the songs we were singing, and the phones we were using when the Dow cracked five-digits for the first time, gives you a good sense of how long it has taken the Dow to trek the last 10,000 points, and how long it could take to do the next 10K.

Sports

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