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Article: HOW STUFF WORKS: What is the Dow Jones Industrial Average?
- Article from:
- Charleston Gazette
- Article date:
- June 4, 2007
- Author:
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Copyright informationCopyright 2007 Charleston Gazette. Provided by ProQuest LLC. (Hide copyright information)
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HowStuffWorks.com
It has been hard to miss the news about the stock market for the
past 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?
The Dow Jones Industrial Average started back in the late 1800s.
The creator of the index was Charles Dow, editor of The Wall Street
Journal and one of the founders of Dow Jones & Co., a large American
firm that publishes, among other things, The Wall Street Journal.
Charles Dow was looking for a shorthand way of seeing the health
of America's industrial stocks, so he took 12 of the biggest
industrial stocks at the time, looked up their stock prices each ...