Guest guest Posted May 25, 2006 Report Share Posted May 25, 2006 here's a bit more (my sincere apologies I can't seem to find the "Natal.doc " file i had with all these and more - sorry - prem): http://news.bbc.co.uk/1/hi/business/business_basics/145986.stm 26 May 1896 Charles Dow introduces the first index composed entirely of industrial shares, covering 12 companies. The Dow Jones Industrial Average is born. http://www.dogsofthedow.com/dowhist.htm The Dow Jones Industrial Average was created by a financial journalist named, most appropriately, Charles Dow. Though Charles Dow created his first stock market average in 1884, this initial index was comprised of only 11 stocks, most of which were railroad companies. It wasn't until May 26, 1896, that Charles Dow first published the Dow Jones Industrial Average. On this day in 1896, the Dow consisted of 12 companies and stood at 40.94. Over the coming months, the Dow then declined to what would become its historic low of 28.48 on August 8, 1896. The next major milestone occurred on October 4, 1916, when the Dow was increased to 20 stocks from its original 12. It wasn't until October 1, 1928 that the Dow was modified to consist of thirty stocks as it does to this day. Dow Jones Industrial Average OverviewThe Dow Jones Industrial Average is probably the best-known and most widely followed index in the world. When the media reports on "how the market fared" on any given trading day, you'll likely see them report on the closing price and daily change of the Dow Jones Industrials. Started on May 26, 1896 by financial reporter Charles Dow, the DJIA was the first index of its kind to provide a quick gauge of the performance of a basket of the nation's largest firms. At its inception, the DJIA started with just 12 stocks and was priced at 40.94, a far cry from today’s levels. Only one of the Dow's original 12 components has managed to survive the numerous mergers, business failures and deletions from the index since it began--bellwether General Electric (GE). Personals: It's free to check out our great singles! Quote Link to comment Share on other sites More sharing options...
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