Dow Jones Industrial Average Definition Friday, October 26, 11:00 AM ET
Dating back to 1896 when it was originally calculated by Charles Dow, the Dow Jones Industrial average refers to a price weighted average of 30 stocks on the Nasdaq and New York Stock Exchange. The oldest company contained in the Dow Jones Industrial Average is General Electric, which was added on November 7, 1907. The composition changes fairly frequently, and individual investors can buy the Diamonds ETF, which tracks the average, in order to diversify their investments.
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