The Dow, from average to index

On 26 May 2021, the Dow Jones Industrial Average celebrated its 125 th anniversary. It was created by Charles Dow, a journalist who cofounded Dow Jones & Co., publisher of The Wall Street Journal . Dow’s partner, Edward Jones, also has his name attached to the average. The Dow was initially made up of 12 stocks, including a leather-maker, a steel provider, and a sugar producer. It was calculated by adding up the prices of the component stocks and dividing the sum by a divisor. Nowad