Dow Jones average
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.Dow Jones average
noun \ˌdau̇-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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