Dow-Jones Industrial Average (DJIA)

1. Dow-Jones Industrial Average (DJIA)

2. THE LATE 1800s 1882Dow, Jones & Company (as it was called in the beginning) is founded by Charles Henry Dow, Edward Davis Jones and Charles Milford Bergstresser in a small basement office at 15 Wall Street in New York. The Company starts producing daily hand-written news bulletins called "flimsies" delivered by messenger to subscribers in the Wall Street area. CharlesDow EdwardJones Charles Bergstresser

3. 1883The Company starts producing the "Customers' Afternoon Letter." It contained a frequent leading item titled, "Morning Gossip." 1884Dow Jones Indexes is founded. The Dow Jones Averages, the creation of Charles Dow, appears for the first time in the "Customers' Afternoon Letter." At the time, it contained 11 stocks: nine railroads and two industrials. It was the precursor to the Dow Jones Industrial Average, which was launched in 1896. 1887Dow Jones & Company hired its first out-of-town correspondent, Clarence W. Barron, who operated the Boston News Bureau, a financial news service there.

4. 1893Louise Egan becomes the first woman hired by Dow Jones. 1889On July 8, Dow Jones & Company's "Customers' Afternoon Letter" becomes The Wall Street Journal. It contains four pages and sells for two cents; advertising was 20 cents a line. At that time, the Company had 50 employees. 1896The Dow Jones Industrial Average is officially launched. At that time, it consisted of industrial stocks only.

5. Dow-Jones Industrial Average (DJIA)