Charles Dow (1851)

In the early 1880s, Charles Dow and Edward Davis Jones established the Dow Jones Average as a stock price indicator consisting mostly of railroad stocks. In 1889, Dow Jones & Co. began publication of the Wall Street Journal, and the well-known Dow Jones Industrial Average was created in 1896. Today, there are four different Dow Jones averages—industrial stocks, transportation stocks, utility stocks, and a composite average of all three. What were Dow’s “Leadville Letters”? Discuss

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