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First calculated on May 26, 1896, [2] the index is the second-oldest among U.S. market indices, after the Dow Jones Transportation Average. It was created by Charles Dow, co-founder of both The Wall Street Journal and Dow Jones & Company, and named after him and his business associate, statistician Edward Jones.
1882 - Dow, Jones & Co. is created. 1884 - Charles Dow creates the Dow Averages, the precursor to the DJIA. May 26, 1896 - The first index, made up of 12 industrial companies, is published and the ...
The Dow Jones Industrial Average, an American stock index composed of 30 large companies, has changed its components 59 times since its inception, on May 26, 1896. [1] As this is a historical listing, the names here are the full legal name of the corporation on that date, with abbreviations and punctuation according to the corporation's own usage.
The company's best known indices are the S&P 500 and the Dow Jones Industrial Average (DJIA), which were created in 1957 and 1896, respectively. The company also manages the oldest index in use, the Dow Jones Transportation Index, created in 1882 by Charles Dow, the founder of The Wall Street Journal.
Dow Inc. remained in the Dow Jones Industrial Average, which technically gave DuPont (via the split) a continuous presence in the index since 1935. This officially comes to an end today.
The DJIA was founded on May 26, 1896, by Wall Street Journal editor Charles Dow and statistician Edward Jones. The index closed that day at 40.94. The index closed that day at 40.94.
The average closed at 2,999.75 on Monday, July 16, 1990, and closed unchanged the following day; [17] however, it would take until April 17 of the next year for the Dow to finally close above 3,000. 12 The Dow first exceeded 4,000 during the trading day on Monday, January 31, 1994, but dropped back before closing that day.
Charles Henry Dow (/ d aʊ /; November 6, 1851 – December 4, 1902) was an American journalist [1] who co-founded Dow Jones & Company with Edward Jones and Charles Bergstresser. Dow also co-founded [ 2 ] The Wall Street Journal , [ 3 ] which has become one of the most respected financial publications in the world.