Just from a historical perspective, wow…
The Dow Jones Industrial Average was created in 1896 by Charles Dow and originally consisted of 12 companies:
American Cotton Oil
Distilling & Cattle Feeding
Tennessee Coal and Iron
U.S. Leather pfd.
At the time, these companies represented each sector of the market and thus the Dow Jones illustrated the overall performance of the market in the United States.
- Industrial giant General Electric is out of the Dow Jones industrial average and will be replaced by drugstore chain Walgreens Boots Alliance.
- GE was one of the original components of the Dow Jones industrial average of 30 stocks in 1896.