when was dow made by who
The Dow Jones Industrial Average (DJIA), often referred to as the Dow Jones or simply as the Dow, is a price-weighted average of the stocks of 30 large American publicly traded companies. Created by Charles Dow in 1896, it is the most well-known U.S. stock index and is used to gauge the market's performance from day to day. What is a price-weighted index? In a nutshell, a price-weighted index means that higher-priced stocks have more influence over the index's performance than lower-priced ones.