Quick, when is National Trivia Day? Do you know?
Well, okay, it’s today, that may have been relatively easy to guess based on context. In honor of the day, we here at Equities.com have put together this collection of seven handy factoids you can use to wow your more egg-headed friends at your next nerd party..
How old is the Dow Jones Industrial Average?
The Dow Jones Industrial Average will turn 120 on May 26 of this year. Initially calculated in 1896, it was the product of the founder of the Wall Street Journal’s Charles Dow and statistician Edward Jones. Dow wanted a way to gauge the performance of the broader market to print in his papers.
The index consists of 30 companies that have been selected by the editorial board of the Wall Street Journal. Note to readers: while having a long and grand tradition to its name, the Dow Jones isn’t actually a very good index.
What Company Has Been in the Dow Jones Index the Longest?
One - and only one - company has remained on the index since May 26, 1896, when there were only 12 components. And that company is General Electric (GE), making for a pretty impressive run. At the time, who might have anticipated that it would be General Electric and the relatively new technology it represented that would have lasted, as opposed to other initial components like the American Cotton Oil Company or the Tennessee Coal, Iron, and Railroad Company.
What is the Record High for the Dow, S&P 500, and the Nasdaq?
The S&P 500 reached 2134.72 during interday trading, but its highest closing value was reached on May 21 of last year when it closed at 2,130.82.
For the Dow Jones, the interday record is 18,351.36, reached on May 19 of 2015. It dropped to 18,312.39 by the closing bell, but that was also good for the highest close ever.
Finally, the Nasdaq was apparently able to carry its best days a bit longer than its two major counterparts. The record for the interday high and the closing high came on July 20 of last year and were 5,231.94 and 5,218.86 respectively.
What was the Date of the Stock Market Crash in 1929?
October 24, 1929, a day known now as “Black Thursday,” saw the stock markets take an 11% tumble that shook investors to their core. Markets would rally on that Friday, but it was only temporary as the markets dropped by 13% on “Black Monday” after the weekend and then another 12% on “Black Tuesday.” The losses continued and saw the markets crash hard in front of the broader economic crash that would become the Great Depression.
It’s worth noting that most of the current controls in place to stop things like fraud and manipulative trading techniques were put in place in response to the actions that led to this crash.
What Stock has the Highest Price?
There are four companies with share prices over $1,000, but only one with a share price over $100,000, and that would be Warren Buffett’s Berkshire Hathaway (BRK.A). Losses in the last few days have pushed the per share price down under $200,000 to about $196,000, but it still suffices to say that most of us aren’t going to be in the market any time soon. Berkshire Hathaway is actually more than $193,000 more per share than the next highest on this list, conglomerate Seaboard Corp. (SEB).
Warren Buffett has been notoriously opposed to stock splits that might reduce the per-share price. In his eyes, lower share prices might attract the sort of fickle, retail investors who are likely to jump ship at the first sign of trouble. Buffett is interested in the sort of institutional investors who won’t overreact to short-term news.
What are the Ten Most Valuable Companies in the World?
This is a notably different question than asking what the biggest companies in the world are. However, for the purposes of following stocks, people are usually most concerned with market cap. That’s a simple measure of how much the entire company is worth on the open market gained by multiplying the price of a stock by the total number of shares of stock exist.
Market caps change every day as stocks move up and down, but the current list of the ten highest has some mainstays that aren’t likely to go anywhere any time soon.
- Apple (AAPL) – $586.86 billion
- Alphabet (GOOG) - $516.73 billion
- Microsoft (MSFT) - $443.17 billion
- Exxon Mobil (XOM) - $324.5 billion
- Berkshire Hathaway (BRK.A) - $324.39 billion
- Amazon (AMZN) - $316.83 billion
- General Electric (GE) - $314.9 billion
- Facebook (FB) - $295.98 billion
- Johnson & Johnson (JNJ) - $284.22 billion
- Wells Fargo (WFC) - $277.66 billion
How Much is the Entire Stock Market Worth?
The US stock market currently has a cumulative market cap of $20.65 trillion. That’s about 114.3% of GDP, which might indicate that it’s still a little overvalued even after a down year in 2015 and Monday’s rocky start to trading.
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