In this captivating episode, we embark on an in-depth exploration of the Dow Jones Industrial Average's origins, tracing its roots back to the visionary minds of Charles Dow and Edward Jones. Discover the groundbreaking index's humble beginnings in 1896, the rationale behind selecting its original 12 industrial components, and its subsequent evolution to mirror the changing economic landscape. We delve into the DJIA's calculation methodology, selection criteria for new components, and its profound influence on investment strategies worldwide. Join us as we unravel the intricacies of this iconic financial barometer and its enduring legacy as a global economic indicator.
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22 mins