Founded on May 26, 1896 in New York City by Charles Dow, one of the founders of The Wall Street Journal, the Dow Jones Industrial Average has evolved from 12 stocks published for readers of The Journal to 30 stocks, becoming "the most recognizable, most frequently quoted, and longest-serving market indicator of its kind," said New York City Mayor Michael Bloomberg in an official proclamation issued from his office.
Referring to The Dow's 115th anniversary as an "historic milestone," Mayor Bloomberg added that Mr. Dow anticipated investors "would value an objective measure of how large companies traded during a standard session in the stock market."
"As we celebrate The Dow's 115th anniversary, we take this opportunity to reflect on the pioneers like Charles Dow who had the foresight to turn their ideas into action, and make our city the financial, media, and intellectual capital it is today," Mayor Bloomberg said.
The Dow Jones Industrial Average is owned by Dow Jones Indexes, part of a joint venture company owned 90 percent by CME Group Inc. and 10 percent by Dow Jones & Company, Inc., a News Corporation company.
"We're flattered by the City of New York's acknowledgement of the Dow Jones Industrial Average's 115th anniversary," said John A. Prestbo, Editor and Executive Director of Dow Jones Indexes. "Since its birth in the late 19th Century, The Dow has become a fixture in American life -- the gold standard in measuring economic health and prosperity with a track record unrivaled by any other index. The Dow is the most quoted gauge of the U.S. stock market globally and it continues to be the answer to the question: 'What did the market do today?'"
According to Dow Jones Indexes, more than $37 billion in assets and 2,600 financial products are linked to The Dow. Further, its 30 stocks account for 24% of the total U.S. market value, with 39% of the U.S. For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
stock
- Best Vanguard High Dividend Yield 2012
- stock market crash august 8 2011, good trading opportunities
- Stock Market Report Week July 30 2011
- stock market prediction august 2011
- Mexico Stocks Preview july 25 2011
- top risers in the FTSE 100 July 25 2011
- best Stocks to buy july 25 2011
- stock market prediction for week 25 july 2011
- Stocks active trade on Friday july 22 2011, Microsoft, Advanced Micro Devices, Caterpillar, General Electric, Schlumberger, Verizon Communications, Mc
- NASDAQ ARUN stock prices prediction
- ETFs Stock To Watch July 21, 2011
- Top Stocks Pick Trading Ideas july 21 2011
- NASDAQ Stock Market Movers July 21 2011, DTLK, MLNX, HOGS, TRMS, ALTH, FWRD, STX, MKSI, FFIV, TSCO, CAKE, QCOM
- Best stock to Buy July 20 2011, PowerShares , Apple Inc, iShares Russell 2000 Index,
- Best stock to buy july 19 2011, Stocks to Watch
- companies are having unusual price changes in Bogota trading july 18 2011
- best-performing stocks week july 18 2011
- EV Energy Partners Stock prices rose july 18 2011
- Best-Performing Canadian Stocks July 16, 2011
- Ultra Electronics stock predictions
- Best consumer stock picks 2011
- Best-Performing IT Services Stocks week July 16 2011
- Wall Street Stock market Forecast For Week Of July 18 2011
- Zillow price range for IPO per share july 18 2011
- Freeport McMoRan Copper and Gold Inc stock prices analysts
Dow Jones
- U.S. stock Dow Jones futures Down today
- U.S. stock futures Dow Jones rose november 12 2012
- Dow Jones futures outlook week oct 15-19 2012
- Dow jones futures outlook september 24 2012
- Dow jones futures outlook september 12 2012
- Dow Jones futures outlook september 10 2012
- Dow Jones futures outlook 8/31/2012
- Dow jones futures for 8/21/2012
- Dow Jones futures outlook august 20 2012
- Dow Jones Futures for august 1 2012
- U.S. stock futures july 31 2012
- Dow Jones futures for July 31 2012
- dow jones futures for july 16 2012
- Dow Jones futures prediction july 10 2012
- dow jones prediction july 9 2012
- Dow Jones futures prediction july 6 2012
- Dow Jones futures prediction june 25 2012
- Dow Jones futures outlook June 19 2012
- Dow Jones prediction next week june 11-15 2012
- U.S. Stock Market Dow Jones futures june 8 2012
- Dow Jones prediction today june 7 2012
- U.S. Stock Dow Jones futures rose june 6 2012
- Dow Jones Prediction June 6 2012
- Dow Jones prediction june 4 2012
- Dow Jones prediction june 1 2012
No comments:
Post a Comment