The Dow Jones Industrial Average


The most often-quoted stock market indicator is the Dow Jones Industrial Average (DJIA). In 1896, Charles Dow averaged closing prices of 12 representative stocks and the DJIA was christened. Since then it has been expanded to include 30 familiar blue chip companies to be more representative of the country's largest companies.

The calculation is also changed to reflect stock splits. While this index is not reflective of the entire stock market, watching changes in the DJIA can help you stay abreast of current conditions.

Original Dow Stocks

American Cotton Oil

Laclede Gas

American Sugar

National Lead

American Tobacco

North American

Chicago Gas

Tennessee Coal & Iron

Distilling & Cattle Feeding

U. S. Leather preferred

General Electric

U. S. Rubber

Current DJIA Stocks

3M Company

Johnson & Johnson

American Express Company

McDonald's Corporation

Apple Inc.

Merck & Company, Incorporated

Boeing Company

Microsoft Corporation

Caterpillar Incorporated


Chevron Corporation

Pfizer Incorporated

Cisco Systems, Inc.

Proctor & Gamble Company

Coca-Cola Company

Travelers Companies, Inc.


UnitedHealth Group

Exxon Mobil Corporation

United Technologies Corporation

Goldman Sachs

Verizon Communications Inc.

Home Depot Incorporated


Intel Corporation

Walgreens Boots Alliance Inc.

International Business Machines

Wal-Mart Stores Incorporated

J.P Morgan Chase & Company

Walt Disney Company

In September, 2012, UnitedHealth Group replaced Kraft Foods. In September, 2013, Goldman Sachs, Nike and Visa replaced Alcoa, Bank of America and Hewlett Packard. In March, 2015, Apple replaced AT&T. In 2017, DowDuPont replaced DuPont when Dow Chemical merged with DuPont. In 2018, Walgreens Boots Alliance replaced General Electric.

The DJIA is the most well known stock market indicator. However, the S+P 500 and NASDAQ indexes include a broader selection of stocks including smaller companies.


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The information provided is not intended to be legal, tax, or financial advice or recommendations for any specific individual, business, or circumstance. TowneBank cannot guarantee that it is accurate, up to date, or appropriate for your situation. Financial calculators are provided for illustrative purposes only. You are encouraged to consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.

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