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- Established: May 26, 1896
- Founder: Charles Dow
- Maintained by the The Wall Street Journal
- Second oldest US stock index
- The DJIA is calculated based on the weighted stock price, rather than market capitalization
- All-time low: 28.48 in 1896 (as of June 2008)MD Leasing Corp.: History of DJIA
- All-time high: 14,164 on October 9, 2007 (as of June 2008)MD Leasing Corp.: History of DJIA
- Largest percentage drop: 22.6% on October 19, 1987MD Leasing Corp.: History of DJIA
- General Electric is the only company to have been included on the original Dow Jones average that still exists
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The Dow is a stock market index comprised of the average performance of 30 major American companies.Yahoo! Finance: Stocks Tumble, Lose 10 Percent in 2-Day Rout (November 6, 2008)
On March 2, 2009, the Dow fell below 7,000 upon opening for the first time since October 1997. Within 20 minutes of the opening bell, the Dow Jones industrial average was down 96 points, to 6,966.CNNMoney: Dow Falls Below 7,000 (March 2, 2009)
Fourth Quarter 2008
On October 24, 2008, the Dow Jones industrial dropped more than 400 points in the opening minutes of trading, amid fears of a global economic recession.Los Angeles Times: Stocks Dive of Belief of Global...Between November 5th and 6th, 2008, the Dow Jones dropped nearly 10%, the two days immediately following the presidential election. The Dow dropped over 486 points on November 5, and 443 points on November 6, closing below 8,696.
On November 12, 2008, the Dow Jones dropped over 411 points to close at 8,262.66. The drop came in the midst of investor fears concerning the depth of the recession and whether the Big Three automakers would survive the downturn.The New York Times: Dow Down 411 on Investor Worries (November 12, 2008)
After a week of volatile trading, on Friday, December 5, 2008, the Dow was running fairly even. On Monday, December 1, the Dow plummeted nearly 680 points, losing 7.7% of its value, on the same day that the National Bureau of Economic Research declared that the nation had been in a recession since December 2007.The New York Times: Recession is Official; Stocks Take a Fall (December 1, 2008) While stocks recovered over 350 points in the next two days, the Dow fell again on December 4, losing more than 200 points.
September 2008 Banking Crisis
Between September 15 and September 17, 2008, the average dropped a combined 800 points.Newsday: Dow slips 450 as Wall Street turmoil deepens (September 17, 2008) On September 29, 2008, on news that the House of Representatives had voted against the Emergency Economic Stabilization Act of 2008, the Dow plunged over 680 points.The New York Times: Stocks Plunge as House Votes on Bailout (September 29, 2008) The next day, the market rebounded somewhat, doing what observers have labeled a "Dead Cat Bounce."30 Companies in the DJIA - Year Joined
- Chevron Corporation - 2008
- Bank of America - 2008
- Kraft Foods - 2008
- Pfizer - 2004
- Verizon - 2004
- AT&T - 1999
- Intel - 1999
- Microsoft - 1999
- Home Depot - 1999
- Citigroup - 1997
- Wal-Mart - 1997
- Johnson and Johnson - 1997
- Hewlett-Packard - 1997
- Disney - 1991
- Caterpillar - 1991
- JP Morgan Chase - 1991
- Boeing - 1987
- McDonald's - 1985
- Coca-Cola - 1987
- American Express - 1982
- IBM - 1979
- Merck - 1979
- 3M - 1976
- Alcoa - 1959
- United Technologies - 1939
- DuPont - 1935
- Procter and Gamble - 1932
- ExxonMobil - 1928
- General Motors - 1925
- General Electric - 1907
Key Dates
- 1896: Charles Dow unveiled his industrial stock average, representing a total of 12 stocks
- 1916: The DJIA expanded to 20 stocks
- 1928: The number of companies expanded to 30
- 1929: Stock market crashed ensuing the Great Depression
- 1995: The DJIA closes above 5,000 for the first time
- 1999: The average hits the 10,000 mark for the first time
- 2007: Dow hits 14,164 on October 9
- 2008: Dow closes below 10,000 on October 6
- 2008: Dow closes below 9,000 on October 9
- 2009: Dow closes below 8,000 on February 10
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Dow Jones Industrial Average Questions
What do you think is most probable? The Dow Jones going to 7,000 first or to 9,000? 3 AnswersI would disagree with you. I think it is more likely that we will go up to 9,000 rather than 7,000. The stock market tends to be a leading indicator of the dir... read more
Who is Mike Jones? 2 AnswersA rapper... he has a song that just says "mike jones... who" "mike jones.... who" over and over... its just silly read more
When shall we see an economic recovery? 4 AnswersStock market performance is a 'Leading Indicator' so you can expect to see the Dow bottom about 6 months before the economy bottoms. I believe we will test... read more
Bailout Wine, what happens if the Dow goes up? Do you have to pay more? 1 AnswerNo, the article says the price remains at $39 a bottle. I think I'll stick to beer thanks. read more -
Dow Jones Industrial Average News and Articles
- CNNMoney: Dow Falls Below 7,000 (March 2, 2009)
- MarketWatch: US Stocks Lower; DJIA Drops below 7,000 (March 2, 2009)
- MarketWatch: US Stocks Tumble in Biggest Drop Since Dec... (February 10, 2009)
- KVOA News 4 (Tustin, AZ): Stocks soar on Fed rate cut (December 16, 2008)
- Fox Business: Dow Pops 360 on Historic Rate Cut (December 16, 2008)
- The New York Times: European Markets Slide as Investors Book Gains (December 1, 2008)
- The New York Times: Recession is Official; Stocks Take a Fall (December 1, 2008)
- The New York Times: Dow Drops Below 8,000 in Another Sell-off (November 19, 2008)
- The New York Times: Dow Down 411 on Investor Worries (November 12, 2008)
- Yahoo! Finance: Stocks Tumble, Lose 10 Percent in 2-Day Rout (November 6, 2008)
- Reuters: Market Loses 5 Pct As Economic Woe Confronts Obama (November 5, 2008)
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