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• Founded: The DJIA was created by Charles Dow and Edward Jones and was first published on May 26, 18961. Initially, it included 12 industrial companies.
• Original Components: The original companies were primarily industrial, including American Cotton Oil, American Sugar, and General Electric1.
• Expansion: Over time, the index expanded to include 30 companies in 19281, which is the number it still maintains today.
• Significant Milestones:
o 1929: The DJIA experienced a significant crash during the Great Depression, dropping from a high of 381.17 in September 1929 to a low of 41.22 in July 19322.
o 1987: The index saw a dramatic drop on Black Monday, October 19, 1987, losing 22.6% in a single day2.
o 2008: During the financial crisis, the DJIA fell from over 14,000 in October 2007 to around 6,600 in March 20092.
o 2020: The COVID-19 pandemic caused significant volatility, with the DJIA dropping sharply in March 2020 but recovering to new highs later in the year2.
• Recent Performance: As of today, the DJIA is trading at around 42,052.843, reflecting its recovery and growth over the years.
The DJIA is a price-weighted index, meaning that stocks with higher prices have a greater impact on the index’s performance. It includes major companies like Apple, Microsoft, and Boeing, representing a broad spectrum of the U.S. economy.
Is there a specific period or event in the DJIA’s history that you’re particularly interested in
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