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Dow Jones Tops 1,000

November 14, 2014

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Profile America — Friday, November 14th. The often impressive or alarming appearing swings in the New York stock exchange must be kept in perspective. In the long run, the market has made steady advances. Recently closing at over 17,000, it was on this date 42 years ago that the Dow Jones Industrial Average first topped the 1,000 level. Developed by Charles Henry Dow, the index was first published in 1896 with a mark of 40.94. For decades, the index contained mostly stocks in the manufacturing sector. Today, its components reflect a more diverse economy. In 1990, 157 million shares were traded on an average day. Now, that figure is 670 million shares. To help Americans pick their stocks and mutual funds, there are some 15,500 investment advising establishments in the U.S., employing nearly 96,000 people. Profile America is in its 18th year as a public service of the U.S. Census Bureau.

Sources: Kane's Famous First Facts, 3836
History of the DJIA
History of Dow Jones Industrial Average
1990 Volume
Current trading volume
Investment advising NACS 523920

Source: U.S. Census Bureau | Public Information Office | Last Revised: October 23, 2014