What a Difference Two Years Make

By | Oct 9, 2009

Two years ago on October 9, 2007 the DJIA (Dow Jones Industrial Average) closed at its highest ever recorded level. On that day it was 14,164.53. It closed on October 8, 2009 at 9,786.87.

For the past 52 weeks the average has has its lowest point at 6,469.95 with its highest being 9,917.99.

The Dow was created by American journalist Charles Henry Dow on May 26, 1896. He was doing research into market movements. Jones stands for statistician Edward Davis Jones, who was Dow’s business partner. Jones other than being the Jones of Dow Jones & Co. had nothing to do with the creation of the average.

Of the original 12 Companies that were part of the first Average only General Electric still exists. All of the others have either been absorbed by others or have gone out of business.

The first day the Average was recorded at 40.94.

The Dow was on a roller coaster this time last year. On September 29, 2008 the average lost 778 points, the largest point drop in one day. Two weeks later on October 13th the Dow recorded its biggest single day gain, 936 points, only to be followed with another big drop, 733 points.


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