Deseret News archives: Who is Dow Jones, and why do we care about him? [Yahoo! Finance]
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Source: Yahoo! Finance
On Nov. 14, 1972, the Dow Jones Industrial Average closed above the 1,000 level for the first time, ending the day at 1,003.16. Since first closing at 62.76 on Feb. 16, 1885, the Dow had been on a steady trend upward. Hitting 1,000 was a pretty big deal and the Deseret News pointed out the news. “History on Wall Street,” read the headline of the day. So how did the Dow Jones Index come to be? In 1885, Charles Henry Dow, an American journalist who co-founded The Wall Street Journal, determined to found Dow Jones & Company with Edward Jones and Charles Bergstresser. They later invented the Dow Jones Industrial Average as part of their research into market movements. Today, the Dow is a stock market index of 30 prominent companies listed on stock exchanges in the United States. It is one of the oldest and most commonly followed equity indexes in the world. Here are some key moments in the Dow's history: On July 3, 1884, Dow Jones publishes its first average of U.S. stock
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