Charles henry dow

Charles Henry Dow (November 6, 1851 - December 4, 1902) was an American journalist and economist.

He was born in Sterling, Connecticut, the son of a farmer, his father died when he was 6 years old. To help his family, he worked as a laborer and at the age of 21 as an editor for The Springfield Daily Republican newspaper. He never finished his higher studies.

Later he was a news reporter in different newspapers. He entered the Kierman news agency where he met his colleague Edward David Jones who later left Dow like Jones and in 1882 founded together with Charles Milford Bergstresser a financial consulting agency called Dow Jones & Company.

Wall Street Journal

He founded the prestigious economic newspaper The Wall Street Journal and with the purpose of reflecting the economic health of the country in 1884 they created the first average of stock market values, with a closing of eleven values, of which 9 of them were railway companies and 2 from manufacturing companies.

In 1887 he once again created two stock market indices, one made up of the 12 largest industrial companies, the Dow Jones Industrial Average (DJIA) (currently made up of 30 values) and another called the Dow Jones Railroad Average with 22 companies in the railway sector (now made up of just 20 stocks in the rail, land and air transport sector), which was later renamed the transport index, Dow Jones Transportation Average (DJTA).

Charles Henry Dow uses a series of principles to understand and analyze the functioning of financial markets where he left written in about 255 editorial notes that were published between 1900 and 1902 in the Wall Street Journal. Dow died in 1902 at his home in Brooklyn, New York.

After his death, Nelson compiled his editorials in 1903 in a book called "The ABC of Securities Speculation", later they were known as Dow Theory and have been the beginning and foundation of the analysis chart and technical analysis.