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Joe Frabosilio wrote:
> Does anyone know, what was the first trading day for the Dow, I think it
> was in June 1896?
>
> Thanks,
> Joe Frabosilio
Joe,
There has been more than one Dow Jones Index. The first one, the 14 Stock
Average, was first recorded February 16, 1885 at 62.76. This was revised to
the 12 Stock Average, 10 Rails and 2 Industrials, on Jan. 2, 1886 starting
with a value of 86.26. Jan. 2, 1890. the DJ was revised to
the 20 Stock Average, 18 Rails & 2 Industrials with a starting value of 72.06.
This lasted until
Jan. 2, 1897 when the Dow Jones Daily Industrial Average and Dow Jones Daily
Railroad Averages were born. The former started with a value of 40.74 and the
latter at 51.71.
I hope this helps.
Cheers,
Norman.
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