• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Dogs of the Dow

Dow History

The Dow Jones Industrial Average was created by a financial journalist named, most appropriately, Charles Dow. Though Charles Dow created his first stock market average in 1884, this initial index was comprised of only 11 stocks, most of which were railroad companies. It wasn’t until May 26, 1896, that Charles Dow first published the Dow Jones Industrial Average. On this day in 1896, the Dow consisted of 12 companies and stood at 40.94. Over the coming months, the Dow then declined to what would become its historic low of 28.48 on August 8, 1896. The next major milestone occurred on October 4, 1916, when the Dow was increased to 20 stocks from its original 12. It wasn’t until October 1, 1928 that the Dow was modified to consist of thirty stocks as it does to this day.

Back in 1896 Charles Dow also created the Railroad Average which in 1970 was subsequently renamed the Transportation Average. The Utilities Average was created in 1929. As a result, the Dow Jones Industrial Average is intended to be representative of the entire United States economy except for the transportation and utilities sectors.

In the beginning, the DJIA was a simple average to calculate. Simply sum the stock price of each company and divide by the number of companies. Stock splits and other market changes make a basic average an impractical way for an index to be calculated. Not adjusting the average for stock splits and other market changes would create a devalued Dow. To keep historical continuity and allow for a comparison to be made to past Dow values, the maintainers of the Dow (i.e. S&P Dow Jones Indices) modify the index with a divisor. The divisor is simply a number which takes stock splits and other market changes into account. So in order to calculate the current value of the Dow, one must sum the stock price of each company and divide by the number of companies and then divide by the divisor.

Though the Dow is widely viewed as the worlds most popular stock market index, the Dow isn’t without its critics. There tend to be two points of contention for using the Dow as a barometer of the US stock market. First, the Dow is comprised of thirty large cap stocks. Critics argue that this is hardly representative of the broader US economy. Second, the Dow is a price weighted index as opposed to a capitalization weighted index. The weakness in this is that a high price stock can have a disproportionate impact on the overall value on the Dow. However, proponents of the Dow argue that in the end, the Dow has a high correlation to the broader and capitalization weighted indices such as the S&P 500 and New York Stock Exchange Index and therefore conclude that these concerns are negligible.

Primary Sidebar

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Footer

Dogs of the Dow: Dogs of the Dow X | Dogs of the Dow 2023 22 21 20 19 18 17 16 15 14 13 12 11 10 09 08 07 06 05 04 03 02 01 00 99 98 97 96 | Dog Years
Live: Dogs of the Dow Today | Small Dogs of the Dow Today
Daily Performance: Current Doggishness | Daily | YTD
Info: Dogs of the Dow Newsletter | Checklist | FAQ | Stock Research | the Dow | Glossary | Top Dog Brokers | Best Online Stock Broker | Tell a Friend | Privacy | Terms of Use | Accolades
Stock Symbols List: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ETF Symbols List: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Chart of the Day: Dow Jones Chart since 1900 (Inflation-Adjusted) | Nasdaq 100 Long-Term Trend | Dow to Gold Ratio
ETFvest: Best ETFs Today | S&P 500 ETFs | Top Gold ETFs | Top Silver ETFs | Top Natural Gas ETFs | Top Nasdaq 100 ETFs | Top Dividend ETFs | VTI | VGT | VOO | TQQQ | FNGO | NUGT | LABU | BOTZ | ERX | GUSH | VPU | AMLP | SPXS | DRIP | SDY | SPYD | SMDV | VYM
Dogs of the Dow: Dogs of the Dow X | Dogs of the Dow 2023 22 21 20 19 18 17 16 15 14 13 12 11 10 09 08 07 06 05 04 03 02 01 00 99 98 97 96 | Dog Years

Live: Dogs of the Dow Today | Small Dogs of the Dow Today

Daily Performance: Current Doggishness | Daily | YTD

Info: Dogs of the Dow Newsletter | Checklist | FAQ | Stock Research | the Dow | Glossary | Top Dog Brokers | Best Online Stock Broker | Tell a Friend | Privacy | Terms of Use | Accolades

Stock Symbols List: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

ETF Symbols List: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Chart of the Day: Dow Jones Chart since 1900 (Inflation-Adjusted) | Nasdaq 100 Long-Term Trend | Dow to Gold Ratio

ETFvest: Best ETFs Today | S&P 500 ETFs | S&P 500 ETFs | Top Gold ETFs | Top Silver ETFs | Top Natural Gas ETFs | Top Nasdaq 100 ETFs | Top Dividend ETFs | VTI | VGT | VOO | TQQQ | FNGO | NUGT | LABU | BOTZ | ERX | GUSH | VPU | AMLP | SPXS | DRIP | SDY | SPYD | SMDV | VYM
Dividend Stock Screens: Current Doggishness | 2023 Dogs of the Dow | Highest Dividend Paying Stocks | Highest Dividend Paying Large-Cap Stocks | Highest Dividend Paying Mega-Cap Stocks | Ex-Dividend Date Calendar
Stock Screens: Largest Companies by Market Cap | Most Active Stocks Today | Biggest Stock Gainers Today | Biggest Stock Losers Today | Lowest PE Ratio Stocks | Dow Jones Industrial Average Companies | Dow Jones Transportation Average Companies | Dow Jones Utilities Average Companies | Dow 30 Components
Live Dividend Stock Screens: Dogs of the Dow Today | Small Dogs of the Dow Today | Dividend Aristocrats List | Dividend Kings List | Monthly Dividend Stocks List | Best Bear Market Rally Dividend Stocks | Dividend Suspension Tracker | Dividend Cut Tracker | Top 10 Dividend Aristocrats | Top 10 Dividend Kings | Top 10 Dividend Achievers | Top 7 Monthly Dividend Stocks | Top REITs List | Best Dividend Stocks | Best Monthly Dividend Stocks | Post-Vaccine Dividend Stocks Today | Best Inflation Dividend Stocks Today | Top 10 Dividend Champions List | Blue Chip Dividend Stocks List | Best Healthcare Dividend Stocks Today | Best Nasdaq 100 Dividend Stocks Today | Best Cold War II Dividend Stocks Today | Best Energy Dividend Stocks Today
Live Stock Screens: Dow 30 Stocks List | Blue Chip Stocks List | Warren Buffett’s Top 10 Stock Holdings | Warren Buffett Stocks Today | Best Gold Stocks List | Oil Stocks Today | FAANG Stocks Today | Platform Stocks Today | Best Cybersecurity Stocks Today | Best Coronavirus Stocks Today | Coronavirus Treatment Stocks | Best Bear Market Rally Stocks | Best Work-From-Home Stocks | Best Video Game Stocks | Best Bull Market Stocks Today | Best Vaccine Rally Stocks Today | Top 10 Short Squeeze Stocks Today | Best Semiconductor Stocks Today | Best Biotech Stocks Today | Best Inflation Stocks Today | Best Solar Stocks Today | Cryptocurrency Stocks Today | Best Healthcare Stocks Today | Best Energy Stocks Today | Nasdaq 100 Stocks List Today | Best Cold War II Stocks Today
ETF Screens: Best ETFs Today
Dividend Stock Screens: Current Doggishness | 2023 Dogs of the Dow | Highest Dividend Paying Stocks | Highest Dividend Paying Large-Cap Stocks | Highest Dividend Paying Mega-Cap Stocks | Ex-Dividend Date Calendar

Stock Screens: Largest Companies by Market Cap | Most Active Stocks Today | Biggest Stock Gainers Today | Biggest Stock Losers Today | Lowest PE Ratio Stocks | Dow Jones Industrial Average Companies | Dow Jones Transportation Average Companies | Dow Jones Utilities Average Companies | Dow 30 Components

Live Dividend Stock Screens: Dogs of the Dow Today | Small Dogs of the Dow Today | Dividend Aristocrats List | Dividend Kings List | Monthly Dividend Stocks List | Best Bear Market Rally Dividend Stocks | Dividend Suspension Tracker | Dividend Cut Tracker | Top 10 Dividend Aristocrats | Top 10 Dividend Kings | Top 10 Dividend Achievers | Top 7 Monthly Dividend Stocks | Top REITs List | Best Dividend Stocks | Best Monthly Dividend Stocks | Best Post-Vaccine Dividend Stocks Today | Best Inflation Dividend Stocks Today | Top 10 Dividend Champions List | Blue Chip Dividend Stocks List | Best Healthcare Dividend Stocks Today | Best Nasdaq 100 Dividend Stocks Today | Best Cold War II Dividend Stocks Today | Best Energy Dividend Stocks Today

Live Stock Screens: Dow 30 Stocks List | Blue Chip Stocks List | Warren Buffett’s Top 10 Stock Holdings | Warren Buffett Stocks Today | Best Gold Stocks List | Oil Stocks Today | FAANG Stocks Today | Platform Stocks Today | Best Cybersecurity Stocks Today | Best Coronavirus Stocks Today | Coronavirus Treatment Stocks | Best Bear Market Rally Stocks | Best Work-From-Home Stocks | Best Video Game Stocks | Best Bull Market Stocks Today | Best Vaccine Rally Stocks Today | Top 10 Short Squeeze Stocks Today | Best Semiconductor Stocks Today | Best Biotech Stocks Today | Best Inflation Stocks Today | Best Solar Stocks Today | Cryptocurrency Stocks Today | Best Healthcare Stocks Today | Best Energy Stocks Today | Nasdaq 100 Stocks List Today | Best Cold War II Stocks Today

ETF Screens: Best ETFs Today
Live Charts: Dow | S&P 500 | Nasdaq | Russell 2000
Live Futures Charts: Dow | S&P 500 | Nasdaq | Russell 2000 | Gold | Silver | Oil | Natural Gas
Market Charts: Dow | S&P 500 | Nasdaq | Nasdaq 100 | Russell 2000 | REITs | Gold | Silver | Oil | VIX
Interest Rate Charts: 3m | 1y | 2y | 10y | 30y Mortgage | Aaa | Baa
Currency Charts: US Dollar Index | Euro | British Pound | Swiss Franc | Chinese Yuan | Yen | Rupee | Canadian Dollar | Peso
Dow Stock Charts: AAPL | AMGN | AXP | BA | CAT | CRM | CSCO | CVX | DIS | DOW | GS | HD | HON | IBM | INTC | JNJ | JPM | KO | MCD | MMM | MRK | MSFT | NKE | PG | TRV | UNH | V | VZ | WBA | WMT
Large-Cap Stock Charts: AMZN | GOOGL | FB | BRK-A | BABA | BAC | MA | RDS-A | T | TSM | WFC | NVS | CMCSA | ORCL | TM | PEP | CHL | C | HSBC | BUD | ABT | SAP | ADBE | NFLX | TOT | MDT | PYPL
Active Stock Charts: TSLA | UBER | LYFT | F | GM | NVDA | AMD | TWTR | SNAP | BIDU | NOK | GE | MRVL | LUV | AAL
ETF Charts: SPY | IVV | QQQ | DIA | IWM | MDY | FXI | EWJ | EWG | EWU | EWQ | EWH | EWC | EWW | EWA | EEM | XLE | XLF | XLK | XLV
Live Charts: Dow | S&P 500 | Nasdaq | Russell 2000

Live Futures Charts: Dow | S&P 500 | Nasdaq | Russell 2000 | Gold | Silver | Oil | Natural Gas

Market Charts: Dow | S&P 500 | Nasdaq | Nasdaq 100 | Russell 2000 | REITs | Gold | Silver | Oil | VIX

Interest Rate Charts: 3m | 1y | 2y | 10y | 30y Mortgage | Aaa | Baa

Currency Charts: US Dollar Index | Euro | British Pound | Swiss Franc | Chinese Yuan | Yen | Rupee | Canadian Dollar | Peso

Dow Stock Charts: AAPL | AMGN | AXP | BA | CAT | CRM | CSCO | CVX | DIS | DOW | GS | HD | HON | IBM | INTC | JNJ | JPM | KO | MCD | MMM | MRK | MSFT | NKE | PG | TRV | UNH | V | VZ | WBA | WMT

Large-Cap Stock Charts: AMZN | GOOGL | FB | BRK-A | BABA | BAC | MA | RDS-A | T | TSM | WFC | NVS | CMCSA | ORCL | TM | PEP | CHL | C | HSBC | BUD | ABT | SAP | ADBE | NFLX | TOT | MDT | PYPL

Active Stock Charts: TSLA | UBER | LYFT | F | GM | NVDA | AMD | TWTR | SNAP | BIDU | NOK | GE | MRVL | LUV | AAL

ETF Charts: SPY | IVV | QQQ | DIA | IWM | MDY | FXI | EWJ | EWG | EWU | EWQ | EWH | EWC | EWW | EWA | EEM | XLE | XLF | XLK | XLV