Today the Dow includes companies from a wide range of market sectors, except transportation and utilities, which have their own indexes. While it can still technically be called the Dow Jones Industrial Average, the “industrial” part is a leftover historical element of the index’s history. The index evolved over time and included 30 different companies by 1928, a number that it’s stuck to tracking ever since.
The DJIA was first published on May 26, 1896, and included just 12 companies, most of them in the industrial sector. The two founded the Dow Jones & Company, which began publishing financial reports that ultimately evolved into the Wall Street Journal. Dow and his business associate Edward Jones. So, who was Dow Jones, and was he a real person? The name actually refers to two different historical figures, journalist Charles H. The Dow Jones Index is the oldest in American history and traces its roots back to the 1800s.
Who Created the Dow Jones? Photo Courtesy: Bettman/Getty Images
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