50 Years Ago: The Dow Jones Crosses 1,000
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Subscribe to The Hustle Daily Newsletter now: https://clickhubspot.com/bcw On this day in 1972, the Dow closed above 1,000 for the first time. The Dow Jones Industrial Average is arguably the most famous stock market index. It was the brainchild of Charles Dow, who launched it in 1896 as a way of tracking the state of the economy. The Dow is calculated by averaging the stock prices of the 30 blue-chip companies it follows, which include giants like Nike, Walmart, and Apple. Video Hosted by Michael Sikand.