Charles Dow

Definition

Journalist born in 1851 who began to track the financial interests of corporate transactions. In 1882, he partnered with Edward Jones to form Dow Jones & Company with a third partner, Charles Bergstresser. The trio published a two page daily paper known as the Customer's Afternoon Letter, which later became known as the Wall Street Journal. The newsletter contained corporation information never before disclosed to the public. The newsletter lead to the establishment of an index to gauge the activity of corporations on the New York Stock Exchange.
Dow was considered to be the man with the ideas within the company and is credited with developing the Average, which is used to measure the stock market for investors.
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DJIA Dow Jones Industrial Average