Dow History

Thanks for sharing this!

Quick! What did the market do today?

As a US investor, no doubt you don’t even ask which market when you hear that question. Instead, you probably quote the “Dow”, a popular stock index that tracks stock market fluctuations throughout the day. Though many indexes and averages follow the collective rise and fall of stock and bond prices, the Dow Jones Industrial Average (DJIA) is easily the best known.

And it all started with three enterprising newsmen and a fledgling firm called Dow, Jones & Company.

In 1882 financial reporters Charles Dow, Edward Jones and Charles Bergstresser saw the need for a service summarizing Wall Street news bulletins. The bulletins grew into a publication called the Customers’ Afternoon Letter.

The newsletter was renamed the Wall Street Journal in 1889, and in 1896 the DJIA made its debut with a list of twelve industrial stocks.

At that time, in the spring of 1896, the index stood at 40.94. By fall it sank to a historic low of 28.48. The DJIA crossed the 100 mark in 1906, when the index closed at 100.35.

What’s the DJIA doing today? At the beginning of 2007, the index is comprised of thirty large cap NYSE listed stocks and stands at over 12,000.

You might also like these posts

Article – Preparing for Hurricane Season The Atlantic hurricane season begins June 1. While the 2014 season is expected to be a mild one, mild doesn’t mean storm-free. Getting ready early...
Article — Locked Out What’s on your computer? Your manuscripts? Work? Photos? What would you do if you were denied access to those files—if you were locked out by rogu...
Article — Tax Identity Theft Awareness Week Taxes are scary enough, without adding tax identity theft to the mix. The costs—$3.6 billion a year according to an estimate by the US Treasury In...

We write. Visit us in Carpenter Country, a magical place that, like our stories, is unreal but not untrue.

Tagged with: ,