Tagged: Dow Jones Industrial Average

Black Monday

  On October 19, 1987 stock markets around the world crashed, a global financial crisis which started from Hong Kong and was spread to Europe and the United States as well. It came be to known as the Black Monday.     Wall Street went mad. The Dow Jones Industrial Average fell 508 points (22%) to 1738.74, a $500 billion decrease in value which is still the biggest one-day loss in the history of the index. S&P 500 also dropped 57.64 points (20.4%) to 225.06. There have been numerous reasons as to why this massive drop happened. Although many blame...

Dow Jones Industrial Average

  The Dow Jones Industrial Average(DJIA), often simply referred to as the “Dow Jones”, is one of the market average indices, which measures the price-weighted average of the 30 large publicly owned companies traded on the New York Stock Exchange. The index, illustrating how big industrial companies are performing in general, was first found by Charles Dow, founder of Wall Street Journal, in 1896. A statistician named Edward Jones helped him along the way, which clarifies the name “Dow-Jones”. At first, it only included 12 companies, of which many do not exist today. The only original company which has saved...