5 Fascinating Facts About the Dow Jones Industrial Average (DJIA)
Today is May 26th which means one thing… it’s Dow Jones Day!
For those who don’t know, the Dow Jones Industrial Average is essentially the stock market, and in honor of this truly special day, here are 5 quickfire facts about the popular index:
- The Dow Jones Industrial Average which tracks 30 of the largest companies on the New York Stock Exchange and Nasdaq is widely regarded as an indicator of the financial wealth of the US economy.
- It was created in 1896 by two journalists, Charles Dow and Edward Jones, and is the second-oldest stock index in the United States.
- The biggest cumulative loss suffered by the Dow was during the Great Depression, when it lost nearly 90% of its value between 1929 and 1932.
- The Dow’s all-time high at the market close is 36,799.65 points which it reached earlier this year on January 4.
- The oldest company listed on the Dow is General Electric, which has been a part of the index since 1907 and remains there till date.
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