WASHINGTON, Nov. 14, 2015 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
DOW JONES TOPS 1,000
Profile America — Saturday, November 14th. The way to make a small fortune investing in stocks is to begin with a large one. That old joke seems apt in this year of Wall Street turbulence, but in the long run, the market has steadily advanced. Closing at over 18,000 six months ago, it was on this date 43 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. In 1972, 16.5 million shares were traded on an average day. Now, that figure is 945 million. To help Americans navigate the market, there are some 18,000 investment advising establishments in the U.S., employing over 100,000 people. You can find more facts about America from the U.S. Census Bureau online at census.gov.
Sources: Kane's Famous First Facts, 3836
Fortune joke: http://www.barrypopik.com/index.php/new_york_city/entry/how_to_make_a_small_fortune_on_wall_street_start_with_a_large_one/
History of the DJIA: http://www.money-zine.com/investing/stocks/history-of-the-dow/
1972 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://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=BP_2013_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