A Brief History of the Dow
In 1884, Charles Dow and Edward Jones, co-founders of The Wall Street Journal, created the first j j mccarthy U.S. index, the Dow Jones Railroad Average. This index consisted of the largest railroad companies to measure their
economic impact. Because of that index’s limited popularity, Dow and Jones created the Dow Jones Industrial Average in 1896; this is what we now know as the “Dow.” It was made up of the largest industrial companies in the United States that had monopolies in their respective industries: sugar, tobacco, oil, and rubber.
The Dow’s current form is based largely on changes during the 20th century. In 1916, the index went from a collection of 12 stocks to shannon elizabeth 20. In 1928, it increased to 30 stocks, where it remains today. For the first half
of 20th century, the Dow remained largely focused on industrial stocks. However, in the second half of the century, more nonindustrial stocks entered. McDonald’s (MCD) and Coca-Cola (KO) were added in the 1980s, while Disney (DIS), Walmart (WMT), and Microsoft (MSFT) were added in the 1990s.
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