The world’s most famous and oldest stock market index “DowJones index.
Charles Henry Dow was a journalist known for his work on financial matters. He lived between 1851 and 1902. Dow founded the Jones Co. and published the famous newspaper Wall Street J oumal. He was a pioneer in developing a system for tracking price movements in the stock market and invented the Dow Jones indices.
He also has a theory called the Dow Theory, which he developed to identify long-term fluctuations in stock markets.
Since 1984, the Dow Jones indices, published in the Wall Street Joumal, track the development of stock prices in the US in 4 different groups. Industrial companies average, Transportation companies average, Service Companies average, Combined Companies average The index has a structure that tracks 30 industrial, 20 railroad and 15 service company stocks.
In the USA, the “Standard and Poor’s” index, which covers the stocks of 500 companies, 400 of which are large companies, as well as the NYSE, New York Stock Exchange Index, which covers the prices of 1500 stocks, and the AMEX, American Stock Exchange Price Index, which covers the prices of all stocks traded on the stock exchange, are important indices.
The famous British “Financial Times Newspaper’s “FT Index ‘5 and Japan’s ’Tokyo-Nikkei” Indices are also famous indices. Foreign newspapers every day, the world’s stock market indices change is given in aggregate.
There are two reasons for this:
- Developments in world stock markets affect each other.
- Investors are no longer only interested in invest not in stock markets, but in whichever stock market is attractive. and started to do it.
