Top 10 Interesting Facts in Dow Jones Stock Market History
1. The origins of the Dow Jones stock market index first started in the year 1896, when the Dow Jones Industrial average was created by Dow Jones & Company. This was started so that the market success could be tracked on a daily basis.
2. Stock market predictions did not see the crash in 1929 coming. Three of the five biggest drops in this market through history were experienced at the end of October 1929, when the crash shook the entire American economy and many traders committed suicide because of devastating losses.
3. After the crash of 1929 it would not be until twenty five years later that the recovery was complete, and the Dow Jones market index was back to the same level as before the crash in 1929.
4. It was not until 1971 that the Dow Jones stock market indexbroke one thousand, and in 1995 this market index broke ten thousand.
5. Stock market performance is one of the factors examined to determine whether the company will be included in the Dow Jones. The list of included companies changes periodically, with some stocks being eliminated from listing and others added.
6. There are only thirty companies which are included in the Dow Jones at any given time. These listings are constantly being evaluated and revised, so that only the top blue chip stocks are included.
7. The oldest company included in the Dow Jones stock market index listing is General Electric. This stock was first listed on the Dow Jones on November 7, 1907, and is still included today.
8. AIG was removed from the Dow Jones on September 22, 2008, and was replaced by Kraft Foods. The stock market timing and the effects of this announcement were made clear by the announcement that the Dow Jones index had experienced the largest gains ever at 936.42 points on October 13, 2008.
9. The Stock Market Crash of 1987 was the worst day for the Dow Jones stock market, even worse than the crash which occurred in 1929. In 1987 the Dow Jones lost twenty two percent, almost one fourth of the total value of the market.
10. Stock market quotes show that the Dow Jones usually offers results that are better than average. This index is one of the most used indexes by investors, and for good reason because the history of this index shows terrific returns most of the time.