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What Were the Original Stocks in the DJIA?
L. S. Wynn
L. S. Wynn
Dow Jones company, publisher of the Wall Street Journal, presented its first average of U.S. stocks on 3 July 1884. Twelve years later, the editors picked 12 stocks that were intended to serve as a proxy for the market as a whole. The index is reassessed every few years to ensure that the average reflects the "blue-chip" sector of the market.
The original Dow Jones Industrial Average, or DJIA consisted of 12 stocks, and the list gives a great insight into the nature of the economy at the time:
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In 1916 the number of stocks making up the DJIA was increased to 20. The 30-stock average, which is the current number of Dow components, made its debut in 1928. General Electric is the only original member of the index that is also a current member, although it dropped out and was reinstanted twice between 1898 to 1907.
Here is a list of the 30 stocks that make up the Dow Jones Industrial Average, as of 1 January 2004:
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AS FEATURED ON:
AS FEATURED ON:
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![The original Dow Jones Industrial Average consisted of just 12 stocks.]()
By: ScanrailThe original Dow Jones Industrial Average consisted of just 12 stocks. -
![The original DJIA stocks were chosen to serve as a proxy for the whole market.]()
By: GaryThe original DJIA stocks were chosen to serve as a proxy for the whole market. -
![American Tobacco was an original stock in the DJIA.]()
By: Klaus EppeleAmerican Tobacco was an original stock in the DJIA. -
![McDonald's was one of the original stocks of the DJIA.]()
By: Bro. Jeffrey Pioquinto, SJMcDonald's was one of the original stocks of the DJIA.
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