What is the Dow Jones index?

The Dow Jones Lending Index, the Dow Jones Average Stock Price Index, is the most influential and widely used stock price index in the world. It takes the stocks of some representative companies listed on the new york Stock Exchange as the compilation object, and consists of four stock price average indexes, namely: ① Dow Jones Industrial Stock Price Average Index, which is compiled for 30 famous industrial companies; (2) Dow Jones average stock price index of 20 famous transportation companies; (3) Dow Jones average index of public utility stock prices, which is compiled for the stocks of six famous public utility companies; (4) Dow Jones stock price composite average index, which is based on the stocks of 65 companies involved in the above three stock price average indexes. Among the four major Dow Jones stock indexes, the Dow Jones Industrial Average is the most famous, widely reported by the mass media, and cited as the representative of the Dow Jones index. The Dow Jones index was compiled and published by Dow Jones Company, an American newspaper group, and published in its subordinate Wall Street Journal. The Dow Jones index was first published on July 3rd, 1884. At that time, the index sample included 1 1 stocks, which was compiled by Charles Henry Dow (one of the founders of Dow Jones Company and the first editor of The Wall Street Journal). From 1928, 10, 1, the number of sample shares has increased to 30, and has remained so far, but the company as a sample share has undergone many adjustments. Dow Jones index is an arithmetic average stock price index.

Story:

What exactly is Dow Jones?

In the past 100 years, whose name has been mentioned every day in every newspaper and radio in the west? The answer is one.

Dow Jones. so

Our reporter

In the complex images we see, trillions of stock funds flow in the virtual electronic space.

. However, this huge and remarkable financial world ends with a simple and ruthless number every day.

Today's trading: Dow Jones Industrial Average. The mysterious number of each.

A small change brings ecstasy or fear to more and more people. This is a code name, not only widely circulated.

Infiltrate into the financial culture of the United States and spread all over the world in every financial center.

This is the financial rocket that charles dow personally ignited. No one behind Dow Jones can understand this.

Individuals, and the past and future of this company.

Dow Jones is two people, a company and an average index.

Charles Henry Dow was born on a farm in Stirling, Connecticut.

. At the age of six, my father died. In the next 12 years, he worked hard on his farm.

Look at that. In addition, he does 20 different kinds of extra work at different times to support his mother. although

Although he only went to primary school, being a reporter is his biggest dream. So he joined Springfield.

* * * and the party newspaper. Later, charles dow came from Massachusetts to Providence, Rhode Island, and worked in "Pu"

Tamdowns daily.

Edward Davis Jones has a short temper and quick thinking. Jones graduated.

At Brown University, Tao respected his college education very much. They soon became friends.

Doug and Edward Jones came together in Manhattan.

After the Civil War, American commerce quickly entered the period of industrial revolution-a new era of joint-stock companies.

Tao grew up in this era, witnessing the current situation that the products produced by enterprises are sold in the region by relying on strength to catch up.

Controlled by industrial capitalists with huge commercial profits, they formed a huge joint venture to develop and monopolize the domestic market.

Field. They also sold their shares to the public in search of the legendary Huang Jinguo. But stock prices often

Joint investor control and monopoly on Wall Street. These speculators manipulate the stock price to rise and then become bigger.

Selling them in large quantities makes prices plummet and makes huge profits from them, while the public suffers greatly. Knife scissors

There is an urgent need for an organization to bring better and more honest financial reports to this chaotic financial world.

1In the late 1980s, under the control of industrial giants, it was huge and monopolistic. "

"Trust" comes from steel, copper, aluminum, coal, glass, sugar and wine industries, and Tao foresees the domestic market.

The abstract concept of economy and domestic market, and foresees a way to measure what industrial giants are doing.

The way to do what. It's time for Dow Jones to set up its own company.

Dow Jones Company was founded in June 1882 1 1, and its third term was Charles milford Burgess Therese.

A partner joined in, but they didn't want to change the name of the company to "doug jones Bergstrezer".

"。 They think it's a little long. Therefore, Bergstrezer lost the opportunity to go down in history. On wall street

In a small office at 15, the company only has a typewriter and a telephone.

1882, Dow Jones published an evening paper with only two pages. They handwritten information on inferior paper.

, and 24 copies, named "customer evening news". Customer Evening News was a quick success. walldorf

Street realized that Tao, a quiet man who always wrote down everything he saw, was using an exaggeration.

Language releases extremely accurate information.

On July 3rd, 1884, Dow launched an index containing eleven stocks to track the market. Its packaging

Including the average prices of nine railway companies and two steam turbine companies.

1On July 8th, 889, The Wall Street Journal was born. One hundred years later, Daohe

The Wall Street Journal, which published this book, influenced not only the whole Wall Street, but also the whole world.

He left a legacy named after him to Wall Street and America, that is, this newspaper and its foundation.

This index

In the twenty years at the end of 19, the circulation of the newly-born Wall Street Journal was as much as that of the United States.

The exhibition is very fast. Dow Jones also has a much bigger office at 26 Brad Street.

The core content of the newspaper has always been charles dow's groundbreaking index. The new average of twelve stocks

The index was also first published in the Wall Street Journal on May 26th, 1896. Charles dow is the analysis report.

My father. He was the first person who really observed the stock trading and saw its internal factors. Before him, everyone

Everyone thinks that the stock trading in these two days is absolutely independent and has no connection. The purpose of daily commitment.

The goal is to provide information, not to express opinions.

The opportunity to bring Dow Jones into the new century came to the company's new office at 44 Brad Street.

In the room. 1902 March 14, the company sold it to Boston and Philadelphia publishing houses at the price of130,000 USD.

The owner is Clarence Walker Byron. His wife Jessie became the chairman of the board of directors and took charge of the company.

Daily management.

1902, Charles Henry Dow, aged 5/kloc-0, died peacefully at his home in brugi village.

However, he left a legacy named after him to Wall Street and America, that is, the newspaper and its

Basic index.

For the financial community, especially those who invest in stocks, Dow Jones index and Wall Street Journal.

This is their bible. When the new century began, the Byron family proved that they could turn the company and Charles.

Tao brings the index of the future. The Dow Jones index recorded the unprecedented importance of the healthy development of the domestic market.

Important period.

The Dow Jones index is always affected by the San Francisco earthquake of 1906 and the economic panic of 1907.

Sexual events can affect. At that time, the Dow Jones index fell from 103 to 53 in 18 months. Eight famous new buttons

About 100 banks and "trust companies" went bankrupt within four days.

19 17 American involvement in World War I was the first test of the Dow Jones index. Previously on ...

Worried American government closed new york Stock Exchange 19 14 on July 30th. However, it cannot be controlled.

Businessmen move outdoors and do street transactions in places called "street transactions". The stock exchange will soon

Reopening, and set a precedent, that is, no matter what happens, the exchange will always be open.

The 1920s was the glorious period of Charles Dow, and by 1928, it had increased to 30 stocks.

Tickets. At that time, the "down payment transaction" allowed people to spend one dollar to buy shares worth ten dollars. This is the first time to pack.

Everyone, including elevator workers, operators, newsboys, etc. Play the stock market like a financial giant. Everyone has this.

There are so many opportunities to make money, but they don't realize that the higher the market rises, the greater the risk of falling.

Jo Kennedy (the father of the future president of the United States) said to himself, if even shoeshine workers are buying stocks, I will.

I don't want to stay in it anymore. His early withdrawal laid the foundation for his future.

The economic collapse of 1929 began with the selling frenzy of 10 on Thursday and ended at165438 on October 29th.

Completely collapsed. People will never forget that "Black Tuesday". The development of 10 years is within a few days.

Once destroyed, the Dow Jones index fell by 24% and billions of dollars disappeared immediately. coal company

Our boss looked at the fallen signboard and fell dead in his agent's office. Some people went to sea.

When the rich came back, they found themselves penniless. If you own Dow Jones,

Shares, they fell from 38 1 USD to 4 1 USD in three years, only equivalent to the original value of 1 1%. Those decisions

People who trade gold will lose everything.

The 1930s was an era full of infinite pain: every attempt to revive Dow Jones triggered.

More terrible results. Those who are not affected by the early withdrawal are watching the development of the situation. They said:

"ah! It's time. " Maybe around 193 1, they all squeezed into the market, but the market crashed again.

People call it "the depression of the rich".

Many people think that it is impossible for charles dow to recover. The stock market is so exciting and unpredictable.

Touch, now, finally something is caught. You don't need to know many details, just hear that.

A set of figures has a general judgment on the economy. The Dow Jones index is like a weather forecast, reporting the stock market.

The weather is cloudy and sunny.

Adolf Hitler saved America from depression.

During the Great Depression of 1930s, President Roosevelt realized that some necessary control measures must be implemented to avoid market chaos.

Once again, this field has suffered similar damage. So Roosevelt set up the Securities and Exchange Commission. and

He chose Jo Kennedy as chairman.

A bank cannot be both a bank and an investment company, and it is illegal to manipulate stocks. Holding companies no longer speculate.

Tools for stock trading. The down payment transaction rules are stricter. But who will save the battered Dow Jones and revive it?

What about health? You may not believe it: Adolf Hitler, the ugliest man in the 20th century, pulled America out of depression.

Get out.

The rapid expansion of the threat of fascist war brought profits to the United States and Dow Jones. The US government has invested tens of billions.

Dollars to rebuild the old national war machine, and suddenly America's pockets are bulging again. When the war ended,

At this time, Dow Jones regained its vitality.

In 1950s, dwight eisenhower was in power and there was no inflation.

1954, the Dow Jones index finally rebounded to 38 1, even reaching the highest point 29 years ago, but this

It took World War II and 15 years to erase this memory.

As predicted by charles dow, a country dominated by financial markets and production emerged.

The new MBA tries to avoid some old rich industries, such as advertising, doctors and engineers, and turn to reference.

Go to Wall Street. Their targets are brokers, investment banks, bond trading and mutual funds. Everyone engaged in finance

All heroes.

People always say, "Times have changed", but unfortunately, history often repeats itself.

Throughout the 1960s, despite the government's measures to control prices and wages, the future of Dow Jones remained clouded.

Solve the high cost of the Vietnam War and the inflation caused by huge social problems. But American industry continues.

Continued growth, 1972, 72nd year after charles dow introduced the Dow Jones Average, the index ended.

Reached 1000 point.

Between 1973 and 1974, the World Petroleum Exporting Organization reduced the oil price originally controlled by them.

The power grid has quadrupled, which makes some American factories, automobile industries and families completely dependent on limited cheap crude oil.

Get into economic trouble. Like a thermometer, Dow Jones was the first person to predict the economic storm. then

The storm made people lose confidence in the market.

The stock actually fell by 85% to 90%. This was very bad in the 1970s. But the United States and Dow Jones

Suffering goes far beyond this. Inflation was almost out of control, and Americans began to invest in stocks.

Lose confidence in the way of capital.

Although bank interest has soared by 20%, the Dow Jones index seems to be the last one to rise. Buying stocks is regarded as

The most unwise thing to do

In the mid-1980s, during Ronald Reagan's administration, the reduction in interest rates revived the market, he said.

Jones is on the rise. However, this has triggered people's uncontrolled desires and led to terrible negative effects.

. The theory of financial gravity was completely denied, the merger frenzy began, and the names of those century-old companies disappeared. one

A little rumor about the merger will lead to the rise of the Dow Jones index; A small piece of information may be worth millions.

. Internal transactions are complicated. People like Ivan Butch already have the power and money they dream of.

, or profiteering through illegally built internal networks. The era of paying fixed commissions to brokers

It's over. At the same time, the time has come when everyone can gallop on the Dow Jones Golden Avenue.

A spark of gold can start a prairie fire quickly.

Many people are very familiar with the programs recorded on TV, but they are not familiar with the programs that affect retirement.

But little is known about investment.

The computer age is coming rapidly. It completes transactions at a speed of more than one billion gigabytes and transmits information to the whole world.

All over the world. People have established an error-free program for computers to ensure that the market will not

Will be affected.

But this time, not a certain part, but the whole system went wrong. 1987 10 October 20th, Star

In the first stage, the Dow Jones Industrial Average fell to 508 points. Computers with special programs are constantly on sale.

Any attempt to stabilize it failed. Black Monday is the most incredible day.

. Because there is no market there, it is called "free fall". Free fall, simply put, is that the price has been

Down, no buyers. In just one day, Dow Jones' market value shrank by 23%, and tens of billions of dollars went up in smoke.

1987, everyone began to sell, selling everything that can be converted into cash. No analysis, no consideration.

Value. When the Dow Jones index plunged to 508 on Monday, people were only worried about the global financial crisis.

You will know that the Dow Jones index has started to rebound strongly until it opens on Wednesday. It has been used for 25 years.

Time recovered from the crash of 1929, this time it only took two and a half years.

As a result, a so-called "breaker" is activated. When the Dow Jones index rises or falls to a certain value,

It will effectively cut off the computer trading program. The Securities and Exchange Commission has new powers to arrest voters.

Organic molecules. Financial giants Michael Megan and Ivan Bukis were jailed for illegal operations. Megan's syndrome

The securities company, the "Titanic" in the financial sector, was fined $600 million for illegal trading.

Zeus seems to be calm again, but this calm did not last long.

A bloody and rapid high-tech war started on19911165438+6, and the Dow Jones index went to war.

It fell during the period. As soon as the war ended, it soared at a speed rare in history. It took Dow Jones 76 years to reach this level.

1000 points, and after 14 reached 2000 points, it took only 8 years to reach 4000 points. 5000 points and 6000 points

Ordering is faster. New ideas and new temptations emerge one after another.

The movement of the stock market has only two directions: up or down, represented by two animals: bull market or

Bear market. In this unpredictable and fascinating game, neither the winner nor the loser is eternal.

City companies are not eternal. It seems that only Dow Jones is eternal.

Nearly two centuries ago, the taciturn and always curious charles dow wrote in the Wall Street Journal.

I published my own industrial index in the newspaper. How will he feel about today's stock market? Wall street journal

"We regularly select 30 companies from 1. 1 10,000 companies as the reference of the Dow Jones index, and this base is only for several generations.

20% of the trillion investors.