The son of a farmer was 21 years old journalist in Springfield, Massachusetts, three years later in Providence, Rhode Iceland. At 29, Dow began in New York at Kiernan News Agency, compile financial news for banks and brokerage firms. With Edward Davis Jones and Charles Milford Bergstresser he founded in 1882, the Agency for Financial Dow Jones & Company and was with the Customer Afternoon Letter the first market letter, out of which the Wall Street Journal developed.
In order to obtain a benchmark for the assessment of the volatility of stock price, Dow developed the first U.S. stock index, the Dow Jones Railroad Average (now Dow Jones Transportation Average ). He was first published on July 3, 1884, Customers ' Afternoon Letter. The Dow Jones Railroad Average initially consisted of 11 values. A year later, an index was from, which was based on 14 shares. Significantly was for that time, that twelve values which were railroad stocks and only two industrial shares.
1896 Dow created for the Wall Street Journal with a well-known today for the Dow Jones Industrial Average, which he added up the prices of the twelve most important shares on the New York Stock Exchange and the resulting sum by twelve divided. The listing was on May 26, 1896 at 40.94 points.
Between 1899 and 1902, Dow editorials associate with the experiment, the daily stock price changes to a long-term trend. The summary of became known as Lable Dow theory and the basis of technical analysis.
- Journalist (United States)
- Business Journalist
- Person ( financial market )
- Economist (19th Century )
- Economist ( 20th century)
- Born in 1851
- Died in 1902