The Answer:
The 12 stocks that made up the original Dow Jones Industrial
Average in 1896 were American Cotton Oil, American Sugar, American
Tobacco, Chicago Gas, Distilling & Cattle Feeding, General
Electric, Laclede Gas, National Lead, North American, Tennesee Coal
& Iron, U.S. Leather preferred, and U.S. Rubber.
Founded by financial news publisher Charles Dow, the average has
served as a leading indicator of the stock market's performance for
more than a century. The average expanded to 20 stocks in 1916 and 30
in 1928, where it remains today.
General Electric is the only member of the Original 12 that
remains on today's list. Read more about the history of the index in
Dow 101, and on the Dow Jones Indexes
site.
—The Editors
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