WASHINGTON, Nov. 14, 2014 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
DOW JONES TOPS 1,000
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: http://www.money-zine.com/investing/stocks/history-of-the-dow/
1990 Volume: http://www.nyxdata.com/nysedata/asp/factbook/viewer_edition.asp?mode=table&key=64&category=4
Current trading volume: http://money.cnn.com/data/markets/nyse/
Investment advising/NACS 523920: http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=BP_2012_00A1&prodType=table
Profile America is produced by the Center for New Media and Promotions of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button).
SOURCE U.S. Census Bureau