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First calculated on May 26, 1896, [2] the index is the second-oldest among U.S. market indices, after the Dow Jones Transportation Average. It was created by Charles Dow, co-founder of both The Wall Street Journal and Dow Jones & Company, and named after him and his business associate, statistician Edward Jones.
The Dow plunges 89% to 41.22 on July 8, 1932, thus erasing 33 years of gains, in just under three years. Although cyclical bull markets occur in the 1930s and 1940s, the index takes 22 years to surpass its previous highs. 1949–1966: Bull market. The Dow posts impressive growth in the booming economy following the Second World War.
The largest point drop in history occurred on March 16, 2020, when concerns over the ongoing COVID-19 pandemic engulfed the market, dropping the Dow Jones Industrial Average 2,997 points. The largest point gain (+2,113) occurred on March 24, 2020.
Market Capitalization: $1.01 trillion. ... Market Capitalization: $27.76 billion. Net Income ... They might also split to earn a place or stay on the Dow Jones index. Because the Dow is price ...
Unlike the market cap-weighted S&P 500 and Nasdaq Composite, where larger companies exert more influence on these respective indexes, the Dow is a share price-weighted index. Market cap is ...
These companies make up the popular Dow Jones Industrial Average. ... market-cap-weighted S&P 500 based on its market cap of $3.35 trillion. But in the Dow, it has just the 13th largest weight ...
The Dow Jones Industrial Average, an American stock index composed of 30 large companies, has changed its components 59 times since its inception, on May 26, 1896. [1] As this is a historical listing, the names here are the full legal name of the corporation on that date, with abbreviations and punctuation according to the corporation's own usage.
Apple was the most valuable company in the world at the end of 2024 with a market capitalization around $3.4 trillion, and it accounts for roughly 12 percent of the Nasdaq Composite.