Dow Jones average


Dow Jones average

noun \ˌda-ˈjōnz-\

Definition of DOW JONES AVERAGE

:  an index of the relative price of securities

Origin of DOW JONES AVERAGE

Charles H. Dow †1902 & Edward D. Jones †1920 American financial statisticians
First Known Use: 1922

Dow Jones average

noun    (Concise Encyclopedia)

Stock price average computed by Dow Jones & Co. Founded in 1882 by Charles H. Dow (1851–1902) and Edward D. Jones (1856–1920), Dow Jones & Co. commenced publication of the Wall Street Journal in 1889 and began computing a daily industrials average in 1897. Dow Jones publishes averages based on 20 transportation stocks, 15 utility stocks, and 30 selected industrial stocks, as well as a composite average of all three; the industrial-stocks average is universally followed by U.S. and international investors. The company also publishes several bond averages. See also NASDAQ; stock exchange.

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