Dow Jones Birthday Today -124 Candles
Happy Birthday to the Dow. (Not Tony Dow, While he did play big brother Wally on Leave it to Beaver, his birthday is April 13, 1945) In this case the Dow is the Dow Jones Industrial Average. It has been used of late as a barometer of the nation's economy as we move through the Coronavirus pandemic. The economy is much more than the Dow but it is a convenient yardstick for many.
The Dow Jones Industrial Average is a stock index comprised of 30 "blue-chip" US stocks meant to be a way to measure the strength or weakness of the entire US stock market.
Wikipedia says the Dow, "is the best known of the Dow Averages, named for Charles Dow and Edward Jones. Dow was widely known for being able to break down and convey what's often very convoluted financial information to the general public. Jones was one of Dow's business associates & statistician Edward Jones.
The industrial average was first calculated on May 26, 1896.
According to CNN, here are a few landmark dates in the history of the Dow.
May 26, 1896 - The first index, made up of 12 industrial companies, is published and the Dow opens at 40.94 points.
January 12, 1906 - The Dow closes at 100.25, the first close above 100.