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Article: How the Dow Jones Industrial Average works.
- Article from:
- Knight Ridder/Tribune
- Article date:
- May 29, 2007
CopyrightCOPYRIGHT 2007 Knight Ridder/Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Marshall Brain
It has been hard to miss the news about the stock market for the last couple of weeks. The Dow Jones Industrial Average has been setting new record highs. Which begs the question: what is the Dow Jones Industrial Average?
Historically, the Dow Jones Industrial Average started back in the late 1800s. The creator of the index was Charles Dow, who at the time was editor of the Wall Street Journal and was also one of the founders of Dow Jones & Company. Dow Jones & Company is a large American publishing company that publishes, among other things, the Wall Street Journal.
Charles Dow was looking for a shorthand way of seeing ...