The Dow Jones Industrial Average (DJIA), also known as the Dow, is one of the most widely followed stock market indices in the world. It is a price-weighted average of 30 of the largest publicly traded companies in the United States. The index was created by Charles Dow and Edward Jones in 1896, and it has been tracking the performance of the U.S. stock market ever since.
The Dow Jones Industrial Average has come a long way since its humble beginnings in 1896. In the early 20th century, the index hovered around 100 points. By the 1950s, it had reached 1,000 points. And by the 1990s, it had surpassed 10,000 points. The Dow reached a significant milestone in 2021 when it crossed the 30,000-point threshold for the first time.
The following table shows the historical Dow Jones Averages from 1896 to 2023:
Year | Dow Jones Average |
---|---|
1896 | 40.94 |
1900 | 78.07 |
1910 | 103.28 |
1920 | 82.77 |
1930 | 180.98 |
1940 | 135.24 |
1950 | 233.73 |
1960 | 685.72 |
1970 | 838.91 |
1980 | 959.84 |
1990 | 2,682.84 |
2000 | 11,722.98 |
2010 | 11,577.57 |
2020 | 29,972.93 |
2023 | 33,865.61 |
The following chart shows the historical performance of the Dow Jones Industrial Average from 1896 to 2023:
[Image of Dow Jones Average Historical Chart]
The Dow Jones Average is affected by a variety of factors, including:
There are a few different ways to invest in the Dow Jones Average. One way is to buy shares of the 30 companies that make up the index. Another way is to buy a Dow Jones ETF (exchange-traded fund).
The Dow Jones Industrial Average is a valuable tool for tracking the performance of the U.S. stock market. The index has a long and storied history, and it is likely to continue to be a key benchmark for investors for many years to come.
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