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A Brief Look at the History of the Dow Jones Industrial Average

Not much had changed in the twelve years between Mr. Dow’s eleven stocks’ first appearance in the daily financial bulletin, Customer’s Afternoon Letter, and the twelve ‘smokestack’ companies that debuted on the Dow Jones Industrial Average on May 26, 1896.
An interesting thing to notice is how nearly the entire list is populated by industrial stocks. This is a far cry from the commodity and retail rich list of today. Moving ahead roughly ten years, we find the list has changed little but nearly all agricultural companies (with the exception of American Sugar) have been replaced by more industrial companies and for the first time is a recognizable company on the list; a company that will remain on the list for the next century: General Electric Company.
The Dow Jones continues to be dominated by industrial leaders and railroad companies, but over the next decade we will see the list of twelve expand......

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Approximate Word Count: 686
Approximate Pages: 3 (250 words per double-spaced page)

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