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Dow Jones lowest closing value before next all-time high record:
Cross-posted on Metaculus: Pandemics.
The Dow Jones Industrial Average (DJIA, or the Dow) is a stock market index that indicates the value of 30 large, publicly owned companies based in the United States, and how they have traded in the stock market during various periods of time. The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. Along with the S&P 500 and the NASDAQ Composite, it is one of the most influential and scrutinized US equity indices.
In late 2019, a novel coronavirus emerged in Hubei Province, China, and quickly spread around the world. By February 28 2020, over 85,000 infections had been confirmed worldwide, along with over 2,900 related deaths.
The global spread of the virus spooked financial markets, and led to one of the most rapid selloffs in the history of public equity markets, with major US equity indices experiencing their worst week since the 2008 global financial crisis.
This question asks: Before the Dow Jones Industrial Average next closes at a record high level, what will be the lowest closing value it reaches?
Resolution should cite credible press reports, or information from a financial trading platform or news service.
If the Dow Jones Industrial Average is discontinued or modified such that Metaculus administrators believe it is no longer reasonable to continue with this question, this question shall resolve ambiguously.
Note that this question refers to the closing value of the Dow, not any intraday level reached.
Also see this related question about when the next all-time record high will be reached.
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