Dow Jones Industrial Average shatters 6000 level.NEW YORK--(BUSINESS WIRE)--Oct. 14, 1996-- Another centennial year milestone for widely watched index The Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. extended its centennial celebration with its first-ever close above 6000, ending Monday's session at 6010.00, a gain of 40.62 points on the day. The Dow Jones Industrial Average, which turned 100 on May 26, was created by Charles H. Dow, a founder of Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance & Company, publisher of The Wall Street Journal and Barron's magazine Barron's magazine is an American weekly newspaper covering U.S. financial information, market developments, and relevant statistics. Each issue provides a wrap-up of the previous week's market activity, news reports, and an outlook on the week to come. , among others. The industrial average included just 12 stocks when it made its 1896 debut, ending that first session at 40.94. Subsequently other stocks were added and the first publication of an average comparable to today's 30 industrial stocks was Oct. 1, 1928. The close that day was 240.01. It would take the Dow Jones Industrial Average another 44 years to reach 1000, first closing above that lofty mark on Nov. 14, 1972. It first closed above 2000 on Jan. 8, 1987; above 3000 on April 17, 1991; above 4000 on Feb. 23, 1995; and above 5000 on Nov. 21, 1995. The Wall Street Journal is the "keeper Keeper may mean:
A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. and that are representative of the broad market and major factors in their industries. In addition to The Wall Street Journal, its international editions, Barron's and other periodicals, Dow Jones & Company publishes electronic business information services See Information Systems. and the Ottaway group of community newspapers. Electronic information services include Dow Jones Telerate, a provider of real-time financial information to the international business community; Dow Jones News Service and other business newswires; and Business Information Services, which provides business information to corporations and consumers by computer, telephone, facsimile and radio. Dow Jones also produces business television programming internationally and video news delivered to desktop computers. CONTACT: Dow Jones & Company, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Lawrence G. Budgar, 212/416-2606 |
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