The Dow Jones Industrial Average is an index of 30 "blue-chip" US stocks. At years, it is the oldest continuing US market index. It is called an "average" because it originally was computed by adding up stock prices and dividing by the number of stocks. The very first average price of industrial stocks, on May 26,was The methodology remains the same today, but the divisor has been changed to preserve historical continuity.

The DJIA is the best-known market indicator in the world, partly because it is old enough that many generations of investors have become accustomed to quoting it, and partly because the U.

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The industrial average started out with 12 components inrising to 20 in The stock average made its debut inand the number has remained constant ever since.

The Dow peaked at It crashed on October 28 and 29,falling from to or One year after the peak, the Dow closed at It continued to slide until July 8, where it bottomed at The Dow did not cross above again until Nov 23,over 25 years after its peak. Dow Jones History of the Dow - John Authers of the Financial Times wrote in May that the Dow should be consigned to history: This means companies that happen to have a high share price can outweigh larger companies with a smaller price per share.

IBM now accounts for How are stocks picked for the DJIA? The editors of The Wall Street Journal select the components of the industrial average. They take a broad view of what industrial means, too; in essence, it is almost any company that isn't in the transportation business or isn't a utility because there also are Dow Jones Averages for those kinds of stocks.

In choosing a new company for the DJIA, they look among substantial industrial companies with a history of successful growth and wide interest among investors.

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The components of the DJIA are not changed often. It isn't a "hot stock" index, after all, and the Journal editors believe that tableau employee stock options of composition enhances the trust that many people have in the averages.

The most frequent reason for changing a stock is that something is happening to one of the components, such as being acquired. Whenever one stock is changed, the rest are reviewed. In Septemberthe partial-nationalisation of the insurance giant AIG, prompted its ejection from the index and a day trade excess optionshouse by Kraft Foods.

What happened to the original 12 companies in the Stock market plunges 508 points There are two ways to measure: Here are tables of the biggest one-day rises and falls in both terms.

The current 30 components of the Dow History. Daily closing prices since Closing average price not available. The Dow Jones Industrial Average is born. President Theodore Roosevelt is in office. The New York Stock Exchange trades m shares for the year. Dwight Eisenhower is earn money distributing catalogues the White House.

Trading on the New York Stock Exchange totals m shares for the year. President Richard Nixon is in office.

The index briefly reached 1, in early but retreated and closed below that milestone. The NYSE trades nearly 3bn shares for all of President Ronald Reagan is in office. George Bush is president, facing a severe budget deficit. Bill Clinton is in the White House. NYSE volume stock market plunges 508 points exceeds 2bn shares per week.

In less than two-and-a-half years the Dow Jones has managed to double in size. The Dow Jones index falls points - its biggest single-day point drop. However, as the index has dramatically grown in size, this amounts to "only" 7. For the first time curbs - that were instituted after the crash - halt trading for 30 minutes after the Dow falls points. After the Dow falls more than points, trading is halted again for the final 30 minutes of trading.

The Dow finishes up points, or 4. NYSE daily volume tops 1bn shares for the first time, ending the day at 1. The Dow has now lost The feat is repeated during the following two days, but the index always closes in the four-digit range.

It takes the Dow just over a month to reach this landmark, the fastest 1, points jump. Records tumbled during April, as the Dow steadily edged towards this new all-time high. In the following months, the index trades in a range of about 10, to 11, points. But a wave of corporate scandals is already beginning to break. The Dow falls back below its post September lows to 7, points. From its high to its low, the Dow fell The Nasdaq Composite Index, containing many volatile technology stocks, plunged To push the Dow to a new high, investors have had to overcome serious doubts about inflation and the sustainability of economic growth.

DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from , Record High, Greatest Gains, Losses, Declines, Falls, Rises, , Components, blue chips

The new record for the Dow meant that losses had been recovered but it also means they have made virtually no progress in more than six years.

Of the 30 stocks in the Dow average, only 10 surpassed their levels of January In general, the biggest fallers since then were the big winners from the late s. It ended down The Finfacts Guinness Pint Index The ratio of the price of pint to average earnings. Dow Jones History of the Dow - John Authers of the Financial Times wrote in May that the Dow should be consigned to history: Steel in U.

Leather preferred Dissolved in U. Rubber Became Uniroyal, now part of Michelin.

The Dow's Best Years. Milestone Closings Summary from - January 12, The current 30 components of the Dow. What Became of It. Distant ancestor of Bestfoods. Evolved into Amstar Holdings. Broken up in antitrust action. Absorbed by Peoples Gas, Whiskey trust evolved into Millennium Chemical.

Going strong and still in the DJIA - - InGE was formed via a merger of famed inventor Thomas Edison's Edison General Electric Company and a competitor, Thomson-Houston Company. Active, removed from DJIA in Today's NL Industries removed from DJIA in Utility combine broken up in s. Became Uniroyal, now part of Michelin. Greatest DJIA Daily Point Gains. Greatest DJIA Daily Point Losses. The Dow's Worst Years.

Milestone Closings Summary from Believe those who search for truth.