The Dow just hit 50,000. See the names that have come and gone over the decades [CNBC]
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Source: CNBC
The index today looks far different than it did when it was created more than a century ago, or even a couple of decades ago, as the economy has evolved. In this article People walk by the New York Stock Exchange on Dec. 29, 2023. Spencer Platt | Getty Images The Dow Jones Industrial Average broke through another key milestone, the latest in a roughly 130-year ascent that's involved an ever-changing group of stocks. The closely followed average on Friday eclipsed the 50,000 marker for the first time in its history. But the index today looks far different than it did a century ago — or even just a few decades earlier. Dow Jones Industrial Average The average was created by Charles Dow in 1896 with just 12 industrial stocks. Paired with the Dow Jones Transportation Average , the two were collectively meant to offer a gauge for the broader economy. After eight stocks were added in 1916, followed by another 10 in 1928, the Dow has stood for nearly a century at 30 members.
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