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What Were the Original Stocks in the DJIA?

The original Dow Jones Industrial Average (DJIA) comprised 12 titans of industry, a reflection of America's economic landscape in 1896. These pioneers in railroads, cotton, gas, and sugar set the stage for modern finance. Their legacy is a testament to innovation and growth. How has the DJIA evolved since? Join us as we uncover its dynamic history.
L. S. Wynn
L. S. Wynn
L. S. Wynn
L. S. Wynn

Dow Jones company, publisher of the Wall Street Journal, presented its first average of U.S. stocks on 3 July 1884. Twelve years later, the editors picked 12 stocks that were intended to serve as a proxy for the market as a whole. The index is reassessed every few years to ensure that the average reflects the "blue-chip" sector of the market.

The original Dow Jones Industrial Average, or DJIA consisted of 12 stocks, and the list gives a great insight into the nature of the economy at the time:

  • American Cotton Oil
  • American Sugar
  • American Tobacco
  • Chicago Gas
  • Distilling and Cattle Feeding
  • General Electric
  • Laclede Gas
  • National Lead
  • Tennessee Coal & Iron
  • North American
  • U.S. Leather
  • U.S. Rubber
The original Dow Jones Industrial Average consisted of just 12 stocks.
The original Dow Jones Industrial Average consisted of just 12 stocks.

In 1916 the number of stocks making up the DJIA was increased to 20. The 30-stock average, which is the current number of Dow components, made its debut in 1928. General Electric is the only original member of the index that is also a current member, although it dropped out and was reinstanted twice between 1898 to 1907.

Here is a list of the 30 stocks that make up the Dow Jones Industrial Average, as of 1 January 2004:

  • Alcoa
  • Altria Group
  • American Express
  • AT&T
  • Boeing
  • Caterpillar
  • Citigroup
  • Coca-Cola
  • Disney
  • DuPont
  • Eastman Kodak
  • ExxonMobil
  • General Electric
  • General Motors
  • Hewlett-Packard
  • Home Depot
  • Honeywell
  • Intel
  • IBM
  • International Paper
  • Johnson & Johnson
  • J.P. Morgan Chase
  • McDonald's
  • Merck
  • Microsoft
  • 3M
  • Procter & Gamble
  • SBC Communications
  • United Technologies
  • Wal-Mart

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    • The original Dow Jones Industrial Average consisted of just 12 stocks.
      By: Scanrail
      The original Dow Jones Industrial Average consisted of just 12 stocks.
    • The original DJIA stocks were chosen to serve as a proxy for the whole market.
      By: Gary
      The original DJIA stocks were chosen to serve as a proxy for the whole market.
    • American Tobacco was an original stock in the DJIA.
      By: Klaus Eppele
      American Tobacco was an original stock in the DJIA.
    • McDonald's was one of the original stocks of the DJIA.
      By: Bro. Jeffrey Pioquinto, SJ
      McDonald's was one of the original stocks of the DJIA.