Wednesday, March 12, 2008

Update on an Old 10 Things

I found a clarification of something I listed in 10 Things a couple of weeks ago:

The DJIA was created in 1896, not 1882 (which is when Dow Jones & Co. was formed). Charles Dow created his original index of 11 stocks in 1884, and almost all of them were railroads. General Electric was not among those 11 because it was formed by Thomas Edison in 1890. The DJIA was formed with 12 stocks, of which GE was one. It is in the index today, nearly 112 years later, though it was taken out and put back in twice at the turn of the 20th century.

1 comment:

  1. Millions of high school students who don't even know that research without a Google search is possible thank you for your correction.