U.S. Census Bureau Daily Feature for November 14: Dow Jones Tops 1,000

WASHINGTON, Nov. 14, 2016 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

DOW JONES TOPS 1,000

Profile America — Monday, November 14th. The way to make a small fortune investing in stocks is to begin with a large one. That old joke seems apt in these recent years of Wall Street turbulence, but in the long run, the market has steadily advanced.  Closing at over 18,600 just three months ago, it was on this date 44 years ago that the Dow Jones Industrial Average first topped the 1,000 level. Developed by Charles Henry Dow, the index was first published in 1896 with a mark of 40.94. In 1972, 16.5 million shares were traded on an average day. Now, that figure is well over 900 million. To help Americans navigate the market, there are nearly 20,000 investment advising establishments in the U.S., employing almost 100,000 people. You can find more facts about America from the U.S. Census Bureau online at www.census.gov.  

Sources: Kane's Famous First Facts, 3836
Fortune joke/accessed 9/6/2016:   http://www.barrypopik.com/index.php/new_york_city/entry/how_to_make_a_small_fortune_on_wall_street_start_with_a_large_one/ 
Closing high/accessed 9/6/2016: http://www.marketwatch.com/story/us-stock-futures-inch-higher-ahead-of-empire-state-reading-2016-08-15 
History of the DJIA/accessed 9/5/2016: http://www.money-zine.com/investing/stocks/history-of-the-dow/ 
Components/accessed 9/6/2016: http://www.mdleasing.com/djia.htm 
1972 Volume/accessed 9/6/2016:   http://www.nyxdata.com/nysedata/asp/factbook/viewer_edition.asp?mode=table&key=64&category=4 
Current trading volume/accessed 9/6/2016: http://money.cnn.com/data/markets/nyse/ 
Investment advising/NAICS 523920: http://factfinder.census.gov/bkmk/table/1.0/en/BP/2014/00A1//naics~523930 

Profile America is produced by the Center for New Media and Promotion of the U.S. Census Bureau. Statistics and accounts drawn from cited non-Census sources are employed for illustrative or narrative purposes, and are not attested to by the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Audio" in the "Library" pull-down menu). 

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SOURCE U.S. Census Bureau

Related Links

http://www.census.gov

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