Historical components of the Dow Jones Industrial Average

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The Dow Jones Industrial Average's components have changed 51 times since its inception, on May 26, 1896.[1] As this is a historical listing, the names here are the full legal name of the corporation on that date, with abbreviations and punctuation according to the corporation's own usage. An up arrow ( ↑ ) indicates the company is added. A down arrow ( ↓ ) indicates the company is removed. A dagger ( † ) indicates a change of corporate name.


March 19, 2015[edit]

3M Company General Electric Company Nike, Inc.
American Express Company The Goldman Sachs Group, Inc. Pfizer Inc.
Apple Inc. The Home Depot, Inc. The Procter & Gamble Company
The Boeing Company Intel Corporation The Travelers Companies, Inc.
Caterpillar Inc. International Business Machines Corporation UnitedHealth Group Incorporated
Chevron Corporation Johnson & Johnson United Technologies Corporation
Cisco Systems, Inc. JPMorgan Chase & Co. Verizon Communications Inc.
The Coca-Cola Company McDonald's Corporation Visa Inc.
E.I. du Pont de Nemours & Company Merck & Co., Inc. Wal-Mart Stores, Inc.
Exxon Mobil Corporation Microsoft Corporation The Walt Disney Company
Dropped from Average
AT&T Inc.

AT&T was replaced by Apple.

September 23, 2013[edit]

3M Company General Electric Company Nike, Inc.
American Express Company The Goldman Sachs Group, Inc. Pfizer Inc.
AT&T Inc. The Home Depot, Inc. The Procter & Gamble Company
The Boeing Company Intel Corporation The Travelers Companies, Inc.
Caterpillar Inc. International Business Machines Corporation UnitedHealth Group Incorporated
Chevron Corporation Johnson & Johnson United Technologies Corporation
Cisco Systems, Inc. JPMorgan Chase & Co. Verizon Communications Inc.
The Coca-Cola Company McDonald's Corporation Visa Inc.
E.I. du Pont de Nemours & Company Merck & Co., Inc. Wal-Mart Stores, Inc.
Exxon Mobil Corporation Microsoft Corporation The Walt Disney Company
Dropped from Average
Alcoa Inc. Bank of America Corporation Hewlett-Packard Company

Alcoa, Bank of America, and Hewlett-Packard were replaced by Goldman Sachs, Nike, and Visa.

September 24, 2012[edit]

3M Company E.I. du Pont de Nemours & Company Merck & Co., Inc.
Alcoa Inc. Exxon Mobil Corporation Microsoft Corporation
American Express Company General Electric Company Pfizer Inc.
AT&T Inc. Hewlett-Packard Company The Procter & Gamble Company
Bank of America Corporation The Home Depot, Inc. The Travelers Companies, Inc.
The Boeing Company Intel Corporation UnitedHealth Group Incorporated
Caterpillar Inc. International Business Machines Corporation United Technologies Corporation
Chevron Corporation Johnson & Johnson Verizon Communications Inc.
Cisco Systems, Inc. JPMorgan Chase & Co. Wal-Mart Stores, Inc.
The Coca-Cola Company McDonald's Corporation The Walt Disney Company
Dropped from Average
Kraft Foods Inc

Kraft Foods Inc. was replaced by UnitedHealth.

June 8, 2009[edit]

3M Company E.I. du Pont de Nemours & Company McDonald's Corporation
Alcoa Inc. Exxon Mobil Corporation Merck & Co., Inc.
American Express Company General Electric Company Microsoft Corporation
AT&T Inc. Hewlett-Packard Company Pfizer Inc.
Bank of America Corporation The Home Depot, Inc. The Procter & Gamble Company
The Boeing Company Intel Corporation The Travelers Companies, Inc.
Caterpillar Inc. International Business Machines Corporation United Technologies Corporation
Chevron Corporation Johnson & Johnson Verizon Communications Inc.
Cisco Systems, Inc. JPMorgan Chase & Co. Wal-Mart Stores, Inc.
The Coca-Cola Company Kraft Foods Inc. The Walt Disney Company
Dropped from Average
Citigroup Inc. General Motors Corporation

Citigroup and General Motors were replaced by Cisco Systems and Travelers.

September 22, 2008[edit]

3M Company E.I. du Pont de Nemours & Company Kraft Foods Inc
Alcoa Inc. Exxon Mobil Corporation McDonald's Corporation
American Express Company General Electric Company Merck & Co., Inc.
AT&T Inc. General Motors Corporation Microsoft Corporation
Bank of America Corporation Hewlett-Packard Company Pfizer Inc.
The Boeing Company The Home Depot, Inc. The Procter & Gamble Company
Caterpillar Inc. Intel Corporation United Technologies Corporation
Chevron Corporation International Business Machines Corporation Verizon Communications Inc.
Citigroup Inc. Johnson & Johnson Wal-Mart Stores, Inc.
The Coca-Cola Company JPMorgan Chase & Co. The Walt Disney Company
Dropped from Average
American International Group Inc.

American International was replaced by Kraft Foods Inc.

February 19, 2008[edit]

3M Company The Coca-Cola Company JPMorgan Chase & Co.
Alcoa Inc. E.I. du Pont de Nemours & Company McDonald’s Corporation
American Express Company Exxon Mobil Corporation Merck & Co., Inc.
American International Group Inc. General Electric Company Microsoft Corporation
AT&T Inc. General Motors Corporation Pfizer Inc.
Bank of America Corporation Hewlett-Packard Company The Procter & Gamble Company
The Boeing Company The Home Depot, Inc. United Technologies Corporation
Caterpillar Inc. Intel Corporation Verizon Communications Inc.
Chevron Corporation International Business Machines Corporation Wal-Mart Stores, Inc.
Citigroup Inc. Johnson & Johnson The Walt Disney Company
Dropped from Average
Altria Group Incorporated Honeywell International Inc.

Altria Group and Honeywell were replaced by Bank of America and Chevron.

November 21, 2005[edit]

3M Company E.I. du Pont de Nemours & Company JPMorgan Chase & Co.
Alcoa Inc. Exxon Mobil Corporation McDonald’s Corporation
Altria Group Incorporated General Electric Company Merck & Co., Inc.
American Express Company General Motors Corporation Microsoft Corporation
American International Group Inc. Hewlett-Packard Company Pfizer Inc.
AT&T Inc. †
(formerly SBC Communications Inc.)
The Home Depot, Inc. The Procter & Gamble Company
The Boeing Company Honeywell International Inc. United Technologies Corporation
Caterpillar Inc. Intel Corporation Verizon Communications Inc.
Citigroup Inc. International Business Machines Corporation Wal-Mart Stores, Inc.
The Coca-Cola Company Johnson & Johnson The Walt Disney Company

SBC Communications Inc. was renamed AT&T Inc. after it acquired the original AT&T.

April 8, 2004[edit]

3M Company Exxon Mobil Corporation McDonald’s Corporation
Alcoa Inc. General Electric Company Merck & Co., Inc.
Altria Group Incorporated General Motors Corporation Microsoft Corporation
American Express Company Hewlett-Packard Company Pfizer Inc.
American International Group Inc. The Home Depot, Inc. The Procter & Gamble Company
The Boeing Company Honeywell International SBC Communications Inc.
Caterpillar Inc. Intel Corporation United Technologies Corporation
Citigroup Inc. International Business Machines Corporation Verizon Communications Inc.
The Coca-Cola Company Johnson & Johnson Wal-Mart Stores, Inc.
E.I. du Pont de Nemours & Company JPMorgan Chase & Co. The Walt Disney Company
Dropped from Average
AT&T Corporation Eastman Kodak Company International Paper Company

AT&T, Eastman Kodak, and International Paper were replaced by American International, Pfizer, and Verizon.

January 27, 2003[edit]

3M Company †
(formerly Minnesota Mining & Manufacturing Company)
Eastman Kodak Company Johnson & Johnson
Alcoa Inc. Exxon Mobil Corporation †
(formerly Exxon Corporation)
JPMorgan Chase & Co. †
(formerly J.P. Morgan & Co.)
Altria Group, Incorporated †
(formerly Phillip Morris Companies Inc.)
General Electric Company McDonald’s Corporation
American Express Company General Motors Corporation Merck & Co., Inc.
AT&T Corporation Hewlett-Packard Company Microsoft Corporation
The Boeing Company The Home Depot, Inc. The Procter & Gamble Company
Caterpillar Inc. Honeywell International †
(formerly AlliedSignal Incorporated)
SBC Communications Inc.
Citigroup Inc. Intel Corporation United Technologies Corporation
The Coca-Cola Company International Business Machines Corporation Wal-Mart Stores, Inc.
E.I. du Pont de Nemours & Company International Paper Company The Walt Disney Company

Name changes only. AlliedSignal Incorporated merged with and changed its name to Honeywell International. Upon merging with Mobil, Exxon Corporation changed its name to Exxon Mobil Corporation, J.P. Morgan & Company changed its name to JPMorgan Chase & Co., Minnesota Mining & Manufacturing changed its name to 3M Company, Phillip Morris Companies Inc. changed its name to Altria Group, Incorporated.

November 1, 1999[edit]

Alcoa Inc. †
(formerly Aluminum Company of America)
Exxon Corporation McDonald’s Corporation
AlliedSignal Incorporated General Electric Company Merck & Co., Inc.
American Express Company General Motors Corporation Microsoft Corporation
AT&T Corporation Hewlett-Packard Company Minnesota Mining & Manufacturing Company
The Boeing Company The Home Depot, Inc. Philip Morris Companies Inc.
Caterpillar Inc. Intel Corporation The Procter & Gamble Company
Citigroup Inc.
(formerly Travelers Inc.)
International Business Machines Corporation SBC Communications Inc.
The Coca-Cola Company International Paper Company United Technologies Corporation
E.I. du Pont de Nemours & Company Johnson & Johnson Wal-Mart Stores, Inc.
Eastman Kodak Company J.P. Morgan & Company The Walt Disney Company
Dropped from Average
Chevron Corporation Sears Roebuck & Company Union Carbide Corporation
Goodyear Tire and Rubber Company

Chevron, Goodyear, Sears Roebuck, and Union Carbide were replaced by Home Depot, Intel, Microsoft, and SBC Communications. Travelers and Citicorp merge under the name Citigroup.

March 17, 1997[edit]

AlliedSignal Incorporated Exxon Corporation Merck & Co., Inc.
Aluminum Company of America General Electric Company Minnesota Mining & Manufacturing Company
American Express Company General Motors Corporation Philip Morris Companies Inc.
AT&T Corporation Goodyear Tire and Rubber Company The Procter & Gamble Company
The Boeing Company Hewlett-Packard Company Sears Roebuck & Company
Caterpillar Inc. International Business Machines Corporation Travelers Inc.
Chevron Corporation International Paper Company Union Carbide Corporation
The Coca-Cola Company Johnson & Johnson United Technologies Corporation
E.I. du Pont de Nemours & Company J.P. Morgan & Company Wal-Mart Stores, Inc.
Eastman Kodak Company McDonald’s Corporation The Walt Disney Company
Dropped from Average
Bethlehem Steel Corporation Westinghouse Electric Corporation F. W. Woolworth Company
Texaco Incorporated

Bethlehem Steel, Texaco, Westinghouse, and Woolworth were replaced by Hewlett-Packard, Johnson & Johnson, Travelers Group, and Wal-Mart Stores.

May 6, 1991[edit]

Allied-Signal Incorporated Eastman Kodak Company Minnesota Mining & Manufacturing Company
Aluminum Company of America Exxon Corporation Philip Morris Companies Inc.
American Express Company General Electric Company The Procter & Gamble Company
AT&T Corporation †
(formerly American Telephone and Telegraph Company)
General Motors Corporation Sears Roebuck & Company
Bethlehem Steel Corporation Goodyear Tire and Rubber Company Texaco Incorporated
The Boeing Company International Business Machines Corporation Union Carbide Corporation
Caterpillar Inc. International Paper Company United Technologies Corporation
Chevron Corporation J.P. Morgan & Company The Walt Disney Company
The Coca-Cola Company McDonald’s Corporation Westinghouse Electric Corporation
E.I. du Pont de Nemours & Company Merck & Co., Inc. F. W. Woolworth Company
Dropped from Average
American Can Company Navistar International Corporation USX Corporation

American Can, Navistar, and USX were replaced by Caterpillar, J.P. Morgan, and Walt Disney. American Telephone and Telegraph Company changed its name to AT&T Corporation.

March 12, 1987[edit]

Allied-Signal Incorporated Eastman Kodak Company Navistar International Corporation †
(formerly International Harvester Company)
Aluminum Company of America Exxon Corporation Philip Morris Companies Inc.
American Can Company General Electric Company The Procter & Gamble Company
American Express Company General Motors Corporation Sears Roebuck & Company
American Telephone and Telegraph Company Goodyear Tire and Rubber Company Texaco Incorporated
Bethlehem Steel Corporation International Business Machines Corporation Union Carbide Corporation
The Boeing Company International Paper Company United Technologies Corporation
Chevron Corporation McDonald’s Corporation USX Corporation †
(formerly United States Steel Corporation)
The Coca-Cola Company Merck & Co., Inc. Westinghouse Electric Corporation
E.I. du Pont de Nemours & Company Minnesota Mining & Manufacturing Company F. W. Woolworth Company
Dropped from Average
Inco Limited Owens-Illinois, Inc.

Inco and Owens-Illinois were replaced by Boeing and Coca-Cola. International Harvester changed its name to Navistar International Corporation and U.S. Steel changed its name to USX Corporation.

October 30, 1985[edit]

Allied-Signal Incorporated †
(formerly Allied Chemical Corporation)
General Electric Company Owens-Illinois, Inc.
Aluminum Company of America General Motors Corporation Philip Morris Companies Inc.
American Can Company Goodyear Tire and Rubber Company The Procter & Gamble Company
American Express Company Inco Limited Sears Roebuck & Company
American Telephone and Telegraph Company International Business Machines Corporation Texaco Incorporated
Bethlehem Steel Corporation International Harvester Company Union Carbide Corporation
Chevron Corporation †
(formerly Standard Oil Co. of California)
International Paper Company United States Steel Corporation
E.I. du Pont de Nemours & Company McDonald's Corporation United Technologies Corporation
Eastman Kodak Company Merck & Co., Inc. Westinghouse Electric Corporation
Exxon Corporation Minnesota Mining & Manufacturing Company F. W. Woolworth Company
Dropped from Average
American Tobacco Company (B shares [2]) ↓ General Foods Corporation

American Tobacco and General Foods were replaced by McDonald’s and Philip Morris. After merging with Signal Corp., Allied Chemical changed its name to Allied-Signal Incorporated and Standard Oil of California changed its name to Chevron Corporation.

August 30, 1982[edit]

Allied Chemical Corporation General Electric Company Owens-Illinois, Inc.
Aluminum Company of America General Foods Corporation The Procter & Gamble Company
American Can Company General Motors Corporation Sears Roebuck & Company
American Express Company Goodyear Tire and Rubber Company Standard Oil Co. of California
American Telephone and Telegraph Company Inco Limited Texaco Incorporated
American Tobacco Company (B shares) International Business Machines Corporation Union Carbide Corporation
Bethlehem Steel Corporation International Harvester Company United States Steel Corporation
E.I. du Pont de Nemours & Company International Paper Company United Technologies Corporation
Eastman Kodak Company Merck & Co., Inc. Westinghouse Electric Corporation
Exxon Corporation Minnesota Mining & Manufacturing Company F. W. Woolworth Company
Dropped from Average
Johns-Manville Corporation

Johns-Manville was replaced by American Express.

June 29, 1979[edit]

Allied Chemical Corporation General Foods Corporation Owens-Illinois, Inc.
Aluminum Company of America General Motors Corporation The Procter & Gamble Company
American Can Company Goodyear Tire and Rubber Company Sears Roebuck & Company
American Telephone and Telegraph Company Inco Limited Standard Oil Co. of California
American Tobacco Company (B shares) International Business Machines Corporation Texaco Incorporated
Bethlehem Steel Corporation International Harvester Company Union Carbide Corporation
E.I. du Pont de Nemours & Company International Paper Company United States Steel Corporation
Eastman Kodak Company Johns-Manville Corporation United Technologies Corporation
Exxon Corporation Merck & Co., Inc. Westinghouse Electric Corporation
General Electric Company Minnesota Mining & Manufacturing Company F. W. Woolworth Company
Dropped from Average
Chrysler Corporation Esmark Corporation

Chrysler and Esmark were replaced by IBM and Merck.

August 9, 1976[edit]

Allied Chemical Corporation Exxon Corporation †
(formerly Standard Oil Co. of New Jersey)
Owens-Illinois, Inc.
Aluminum Company of America General Electric Company The Procter & Gamble Company
American Can Company General Foods Corporation Sears Roebuck & Company
American Telephone and Telegraph Company General Motors Corporation Standard Oil Co. of California
American Tobacco Company (B shares) Goodyear Tire and Rubber Company Texaco Incorporated
Bethlehem Steel Corporation Inco Limited †
(formerly International Nickel Company, Ltd.)
Union Carbide Corporation
Chrysler Corporation International Harvester Company United States Steel Corporation
E.I. du Pont de Nemours & Company International Paper Company United Technologies Corporation
(formerly United Aircraft Corporation)
Eastman Kodak Company Johns-Manville Corporation Westinghouse Electric Corporation
Esmark Corporation †
(formerly Swift & Company)
Minnesota Mining & Manufacturing Company F. W. Woolworth Company
Dropped from Average
Anaconda Copper Mining Company

Anaconda Copper was replaced by Minnesota Mining & Manufacturing. International Nickel changed its name to Inco, Swift & Company changed its name to Esmark, Standard Oil (NJ) changed its name to Exxon Corporation, United Aircraft changed its name to United Technologies Corporation.

June 1, 1959[edit]

Allied Chemical Corporation †
(formerly Allied Chemical and Dye Corporation)
General Electric Company Sears Roebuck & Company
Aluminum Company of America General Foods Corporation Standard Oil Co. of California
American Can Company General Motors Corporation Standard Oil Co. of New Jersey
American Telephone and Telegraph Company Goodyear Tire and Rubber Company Swift & Company
American Tobacco Company (B shares) International Harvester Company Texaco Incorporated †
(formerly The Texas Company)
Anaconda Copper Mining Company International Nickel Company, Ltd. Union Carbide Corporation
Bethlehem Steel Corporation International Paper Company United Aircraft Corporation
Chrysler Corporation Johns-Manville Corporation United States Steel Corporation
E.I. du Pont de Nemours & Company Owens-Illinois, Inc. Westinghouse Electric Corporation
Eastman Kodak Company The Procter & Gamble Company F. W. Woolworth Company
Dropped from Average
American Smelting & Refining Company National Distillers Products Corporation National Steel Corporation
Corn Products Refining Company

American Smelting, Corn Products, National Distillers, and National Steel were replaced by Aluminum Company of America, Anaconda Copper, Owens-Illinois, and Swift. Texas Company changed its name to Texaco Incorporated. Allied Chemical and Dye Corporation shortened its name to Allied Chemical Corporation.

July 3, 1956[edit]

Allied Chemical and Dye Corporation General Electric Company The Procter & Gamble Company
American Can Company General Foods Corporation Sears Roebuck & Company
American Smelting & Refining Company General Motors Corporation Standard Oil Co. of California
American Telephone and Telegraph Company Goodyear Tire and Rubber Company Standard Oil Co. of New Jersey
American Tobacco Company (B shares) International Harvester Company The Texas Company
Bethlehem Steel Corporation International Nickel Company, Ltd. Union Carbide Corporation
Chrysler Corporation International Paper Company United Aircraft Corporation
Corn Products Refining Company Johns-Manville Corporation United States Steel Corporation
E.I. du Pont de Nemours & Company National Distillers Products Corporation Westinghouse Electric Corporation
Eastman Kodak Company National Steel Corporation F. W. Woolworth Company
Dropped from Average
Loew's Theatres Incorporated

Loew's was replaced by International Paper.

March 4, 1939[edit]

Allied Chemical and Dye Corporation General Electric Company The Procter & Gamble Company
American Can Company General Foods Corporation Sears Roebuck & Company
American Smelting & Refining Company General Motors Corporation Standard Oil Co. of California
American Telephone and Telegraph Company Goodyear Tire and Rubber Company Standard Oil Co. of New Jersey
American Tobacco Company (B shares) International Harvester Company The Texas Company
Bethlehem Steel Corporation International Nickel Company, Ltd. Union Carbide Corporation
Chrysler Corporation Johns-Manville Corporation United Aircraft Corporation
Corn Products Refining Company Loew's Theatres Incorporated United States Steel Corporation
E.I. du Pont de Nemours & Company National Distillers Products Corporation Westinghouse Electric Corporation
Eastman Kodak Company National Steel Corporation F. W. Woolworth Company
Dropped from Average
International Business Machines Corporation Nash Motors Company

IBM and Nash Motors were replaced by AT&T and United Aircraft.

November 20, 1935[edit]

Allied Chemical and Dye Corporation General Foods Corporation National Steel Corporation
American Can Company General Motors Corporation The Procter & Gamble Company
American Smelting & Refining Company Goodyear Tire and Rubber Company Sears Roebuck & Company
American Tobacco Company (B shares) International Business Machines Corporation Standard Oil Co. of California
Bethlehem Steel Corporation International Harvester Company Standard Oil Co. of New Jersey
Chrysler Corporation International Nickel Company, Ltd. The Texas Company
Corn Products Refining Company Johns-Manville Corporation Union Carbide Corporation
E.I. du Pont de Nemours & Company Loew's Theatres Incorporated United States Steel Corporation
Eastman Kodak Company Nash Motors Company Westinghouse Electric Corporation
General Electric Company National Distillers Products Corporation F. W. Woolworth Company
Dropped from Average
Borden, Inc. The Coca-Cola Company

Borden and Coca-Cola were replaced by DuPont and National Steel.

August 13, 1934[edit]

Allied Chemical and Dye Corporation General Electric Company National Distillers Products Corporation [3]
American Can Company General Foods Corporation The Procter & Gamble Company
American Smelting & Refining Company General Motors Corporation Sears Roebuck & Company
American Tobacco Company (B shares) Goodyear Tire and Rubber Company Standard Oil Co. of California
Bethlehem Steel Corporation International Business Machines Corporation Standard Oil Co. of New Jersey
Borden, Inc. International Harvester Company The Texas Company
Chrysler Corporation International Nickel Company, Ltd. Union Carbide Corporation
The Coca-Cola Company Johns-Manville Corporation United States Steel Corporation
Corn Products Refining Company Loew's Theatres Incorporated Westinghouse Electric Corporation
Eastman Kodak Company Nash Motors Company F. W. Woolworth Company
Dropped from Average
United Aircraft and Transport Corporation

United Aircraft was replaced by National Distillers.

August 15, 1933[edit]

Allied Chemical and Dye Corporation General Electric Company The Procter & Gamble Company
American Can Company General Foods Corporation Sears Roebuck & Company
American Smelting & Refining Company General Motors Corporation Standard Oil Co. of California
American Tobacco Company (B shares) Goodyear Tire and Rubber Company Standard Oil Co. of New Jersey
Bethlehem Steel Corporation International Business Machines Corporation The Texas Company
Borden, Inc. International Harvester Company Union Carbide Corporation
Chrysler Corporation International Nickel Company, Ltd. United Aircraft and Transport Corporation
The Coca-Cola Company Johns-Manville Corporation United States Steel Corporation
Corn Products Refining Company Loew's Theatres Incorporated Westinghouse Electric Corporation
Eastman Kodak Company Nash Motors Company F. W. Woolworth Company
Dropped from Average
Drug Incorporated International Shoe Company

Drug Inc. and International Shoe were replaced by Corn Products Refining and United Aircraft.

May 26, 1932[edit]

Allied Chemical and Dye Corporation General Electric Company Nash Motors Company
American Can Company General Foods Corporation The Procter & Gamble Company
American Smelting & Refining Company General Motors Corporation Sears Roebuck & Company
American Tobacco Company (B shares) ↑ Goodyear Tire and Rubber Company Standard Oil Co. of California
Bethlehem Steel Corporation International Business Machines Corporation Standard Oil Co. of New Jersey
Borden, Inc. International Harvester Company The Texas Company
Chrysler Corporation International Nickel Company, Ltd. Union Carbide Corporation
The Coca-Cola Company International Shoe Company United States Steel Corporation
Drug Incorporated Johns-Manville Corporation Westinghouse Electric Corporation
Eastman Kodak Company Loew's Theatres Incorporated F. W. Woolworth Company
Dropped from Average
Hudson Motor Car Company National Cash Register Company Texas Gulf Sulphur Company
Liggett & Myers Tobacco Company Paramount Publix Corporation United Aircraft and Transport Corporation
Mack Trucks, Inc. Radio Corporation of America

Hudson Motor, Liggett & Myers, Mack Truck, NCR, Paramount Publix, Radio Corp, Texas Gulf Sulphur, United Air Transport were replaced by American Tobacco, Coca-Cola, Drug Inc., International Shoe, IBM, Loew's, Nash Motors, and Procter & Gamble.

July 18, 1930[edit]

Allied Chemical and Dye Corporation Goodyear Tire and Rubber Company Sears Roebuck & Company
American Can Company Hudson Motor Car Company Standard Oil Co. of California
American Smelting & Refining Company International Harvester Company Standard Oil Co. of New Jersey
Bethlehem Steel Corporation International Nickel Company, Ltd. The Texas Company
Borden, Inc. Johns-Manville Corporation Texas Gulf Sulphur Company
Chrysler Corporation Liggett & Myers Tobacco Company Union Carbide Corporation
Eastman Kodak Company Mack Trucks, Inc. United Aircraft and Transport Corporation
General Electric Company National Cash Register Company United States Steel Corporation
General Foods Corporation Paramount Publix Corporation Westinghouse Electric Corporation
General Motors Corporation Radio Corporation of America F. W. Woolworth Company
Dropped from Average
The American Sugar Refining Company Curtiss-Wright Corporation B.F. Goodrich Corporation
American Tobacco Company (B shares) ↓ General Railway Signal Company Nash Motors Company
Atlantic Refining Company

American Sugar, American Tobacco, Atlantic Refining, Curtiss-Wright, General Railway Signal, Goodrich, and Nash Motors were replaced by Borden, Eastman Kodak, Goodyear, Hudson Motor, Liggett & Myers, Standard Oil of California, and United Air Transport.

January 29, 1930[edit]

Allied Chemical and Dye Corporation General Foods Corporation Paramount Publix Corporation
American Can Company General Motors Corporation Radio Corporation of America
American Smelting & Refining Company General Railway Signal Company Sears Roebuck & Company
The American Sugar Refining Company B.F. Goodrich Corporation Standard Oil Co. of New Jersey
American Tobacco Company (B shares) International Harvester Company The Texas Company
Atlantic Refining Company International Nickel Company, Ltd. Texas Gulf Sulphur Company
Bethlehem Steel Corporation Johns-Manville Corporation Union Carbide Corporation
Chrysler Corporation Mack Trucks, Inc. United States Steel Corporation
Curtiss-Wright Corporation Nash Motors Company Westinghouse Electric Corporation
General Electric Company National Cash Register Company F. W. Woolworth Company
Dropped from Average
North American Company

North American was replaced by Johns-Manville.

September 14, 1929[edit]

Allied Chemical and Dye Corporation General Foods Corporation †
(formerly Postum Incorporated)
Paramount Publix Corporation
American Can Company General Motors Corporation Radio Corporation of America
American Smelting & Refining Company General Railway Signal Company Sears Roebuck & Company
The American Sugar Refining Company B.F. Goodrich Corporation Standard Oil Co. of New Jersey
American Tobacco Company (B shares) International Harvester Company The Texas Company
Atlantic Refining Company International Nickel Company, Ltd. Texas Gulf Sulphur Company
Bethlehem Steel Corporation Mack Trucks, Inc. Union Carbide Corporation
Chrysler Corporation Nash Motors Company United States Steel Corporation
Curtiss-Wright Corporation †
(formerly Wright Aeronautical)
National Cash Register Company Westinghouse Electric Corporation
General Electric Company North American Company F. W. Woolworth Company

Wright Aeronautical merged with the Curtiss Aeroplane and Motor Company to become Curtiss-Wright. Postum Inc. changed its name to General Foods.

January 8, 1929[edit]

Allied Chemical and Dye Corporation General Railway Signal Company Radio Corporation of America
American Can Company B.F. Goodrich Corporation Sears Roebuck & Company
American Smelting & Refining Company International Harvester Company Standard Oil Co. of New Jersey
The American Sugar Refining Company International Nickel Company, Ltd. The Texas Company
American Tobacco Company (B shares) Mack Trucks, Inc. Texas Gulf Sulphur Company
Atlantic Refining Company Nash Motors Company Union Carbide Corporation
Bethlehem Steel Corporation National Cash Register Company United States Steel Corporation
Chrysler Corporation North American Company Westinghouse Electric Corporation
General Electric Company Paramount Publix Corporation F. W. Woolworth Company
General Motors Corporation Postum Incorporated Wright Aeronautical
Dropped from Average
Victor Talking Machine Company

Victor Talking Machine was replaced by NCR.

October 1, 1928[edit]

Allied Chemical and Dye Corporation General Railway Signal Company Sears Roebuck & Company
American Can Company B.F. Goodrich Corporation Standard Oil Co. of New Jersey
American Smelting & Refining Company International Harvester Company The Texas Company
The American Sugar Refining Company International Nickel Company, Ltd. Texas Gulf Sulphur Company
American Tobacco Company (B shares) Mack Trucks, Inc. Union Carbide Corporation
Atlantic Refining Company Nash Motors Company United States Steel Corporation
Bethlehem Steel Corporation North American Company Victor Talking Machine Company
Chrysler Corporation Paramount Publix Corporation †
(formerly Paramount Famous Lasky Corporation)
Westinghouse Electric Corporation
General Electric Company Postum Incorporated F. W. Woolworth Company
General Motors Corporation Radio Corporation of America Wright Aeronautical
Dropped from Average
American Car and Foundry Company American Telephone and Telegraph Company United States Rubber Company
American Locomotive Company United Drug Stores Western Union Company

The index was expanded by ten companies. American Car and Foundry, American Locomotive, AT&T, United Drug, U.S. Rubber, and Western Union were replaced. Atlantic Refining, Bethlehem Steel, Chrysler, General Railway Signal, Goodrich, International Nickel, Nash Motors, North American, Postum Incorporated, Radio Corporation of America, Standard Oil (NJ), Texas Gulf Sulphur, Union Carbide, Victor Talking Machine, Westinghouse Electric, and Wright Aeronautical were added. Paramount Famous Lasky Corporation changed its name to Paramount Publix.

March 16, 1927[edit]

Allied Chemical and Dye Corporation American Tobacco Company (B shares) The Texas Company
American Can Company General Electric Company United Drug Stores
American Car and Foundry Company General Motors Corporation United States Rubber Company
American Locomotive Company International Harvester Company United States Steel Corporation
American Smelting & Refining Company Mack Trucks, Inc. Western Union Company
The American Sugar Refining Company Paramount Famous Lasky Corporation F. W. Woolworth Company
American Telephone and Telegraph Company Sears Roebuck & Company
Dropped from Average
Remington Typewriter Company

Remington was replaced by United Drug.

December 31, 1925[edit]

Allied Chemical and Dye Corporation American Tobacco Company (B shares) Sears Roebuck & Company
American Can Company General Electric Company The Texas Company
American Car and Foundry Company General Motors Corporation United States Rubber Company
American Locomotive Company International Harvester Company United States Steel Corporation
American Smelting & Refining Company Mack Trucks, Inc. (ex-stock dividend) Western Union Company
The American Sugar Refining Company Paramount Famous Lasky Corporation F. W. Woolworth Company
American Telephone and Telegraph Company Remington Typewriter Company
Dropped from Average
Kennecott Mines Company

Kennecott was replaced by Remington. Mack Trucks (stock dividend) was replaced by Mack Trucks (ex-stock dividend).

December 7, 1925[edit]

Allied Chemical and Dye Corporation American Tobacco Company (B shares) Sears Roebuck & Company
American Can Company General Electric Company The Texas Company
American Car and Foundry Company General Motors Corporation United States Rubber Company
American Locomotive Company International Harvester Company United States Steel Corporation
American Smelting & Refining Company Kennecott Mines Company Western Union Company
The American Sugar Refining Company Mack Trucks, Inc. (stock dividend) F. W. Woolworth Company
American Telephone and Telegraph Company Paramount Famous Lasky Corporation
Dropped from Average
United States Realty and Construction Company Westinghouse Electric Corporation

U.S. Realty and Westinghouse Electric were replaced by Allied Chemical and Paramount.

August 31, 1925[edit]

American Can Company General Electric Company United States Realty and Construction Company
American Car and Foundry Company General Motors Corporation United States Rubber Company
American Locomotive Company International Harvester Company United States Steel Corporation
American Smelting & Refining Company Kennecott Mines Company Western Union Company
The American Sugar Refining Company Mack Trucks, Inc. Westinghouse Electric Corporation
American Telephone and Telegraph Company Sears Roebuck & Company F. W. Woolworth Company
American Tobacco Company (B shares) The Texas Company
Dropped from Average
Anaconda Copper Mining Company E.I. du Pont de Nemours & Company Standard Oil Co. (California)
The Baldwin Locomotive Works Studebaker Corporation

Anaconda Copper, Baldwin Locomotive, DuPont, Standard Oil of California, and Studebaker were replaced by General Motors, International Harvester, Kennecott, Texas Co., and U.S. Realty.

May 12, 1924[edit]

American Can Company Anaconda Copper Mining Company Studebaker Corporation
American Car and Foundry Company The Baldwin Locomotive Works United States Rubber Company
American Locomotive Company E.I. du Pont de Nemours & Company United States Steel Corporation
American Smelting & Refining Company General Electric Company Western Union Company
The American Sugar Refining Company Mack Trucks, Inc. Westinghouse Electric
American Telephone and Telegraph Company Sears Roebuck & Company F. W. Woolworth Company
American Tobacco Company (B shares) Standard Oil Co. (California)
Dropped from Average
Republic Iron and Steel Company

Republic Iron was replaced by Woolworth.

February 6, 1924[edit]

American Can Company Anaconda Copper Mining Company Standard Oil Co. (California) [4]
American Car and Foundry Company The Baldwin Locomotive Works Studebaker Corporation
American Locomotive Company E.I. du Pont de Nemours & Company United States Rubber Company
American Smelting & Refining Company General Electric Company United States Steel Corporation
The American Sugar Refining Company Mack Trucks, Inc. Western Union Company
American Telephone and Telegraph Company Republic Iron and Steel Company Westinghouse Electric Corporation
American Tobacco Company (B shares) Sears Roebuck & Company
Dropped from Average
Utah Copper Company

Utah Copper was replaced by Standard Oil, California.

January 22, 1924[edit]

American Can Company Anaconda Copper Mining Company Studebaker Corporation
American Car and Foundry Company The Baldwin Locomotive Works United States Rubber Company
American Locomotive Company E.I. du Pont de Nemours & Company United States Steel Corporation
American Smelting & Refining Company General Electric Company Utah Copper Company
The American Sugar Refining Company Mack Trucks, Inc. Western Union Company
American Telephone and Telegraph Company Republic Iron and Steel Company Westinghouse Electric Corporation
American Tobacco Company (B shares) ↑ Sears Roebuck & Company
Dropped from Average
Central Leather Company B.F. Goodrich Corporation The Texas Company
Corn Products Refining Company

Central Leather, Corn Products, Goodrich, and Texas Co. were replaced by American Tobacco, DuPont, Mack Trucks, and Sears Roebuck.

March 1, 1920[edit]

American Can Company The Baldwin Locomotive Works The Texas Company
American Car and Foundry Company Central Leather Company United States Rubber Company
American Locomotive Company Corn Products Refining Company United States Steel Corporation
American Smelting & Refining Company General Electric Company Utah Copper Company
The American Sugar Refining Company B.F. Goodrich Corporation Western Union Company
American Telephone and Telegraph Company Republic Iron and Steel Company Westinghouse Electric Corporation
Anaconda Copper Mining Company Studebaker Corporation
Dropped from Average
The American Beet Sugar

American Beet Sugar was replaced by Corn Products.

October 4, 1916[edit]

The American Beet Sugar[5] Anaconda Copper Mining Company The Texas Company
American Can Company The Baldwin Locomotive Works United States Rubber Company
American Car and Foundry Company Central Leather Company United States Steel Corporation
American Locomotive Company General Electric Company Utah Copper Company
American Smelting & Refining Company B.F. Goodrich Corporation Western Union Company
The American Sugar Refining Company Republic Iron and Steel Company Westinghouse Electric Corporation
American Telephone and Telegraph Company Studebaker Corporation
Dropped from Average
General Motors Corporation National Lead Company United States Steel Corporation (Preferred)

The index was expanded to twenty companies. General Motors, National Lead, and U.S. Steel (Preferred) were removed. American Beet Sugar, American Can, American Locomotive, AT&T, Baldwin Locomotive, Goodrich, Republic Iron, Studebaker, Utah Copper, Western Union, Westinghouse Electric were added.

July 29, 1915[edit]

American Car and Foundry Company Central Leather Company The Texas Company
American Smelting & Refining Company General Electric Company United States Rubber Company
The American Sugar Refining Company General Motors Corporation United States Steel Corporation
Anaconda Copper Mining Company
(formerly Amalgamated Copper Mining Company)
National Lead Company United States Steel Corporation (Preferred)
Dropped from Average
The Peoples Gas Light and Coke Company

Peoples Gas was replaced by Texas Co. Amalgamated Copper reorganized under the name Anaconda Copper.

March 16, 1915[edit]

Amalgamated Copper Mining Company Central Leather Company The Peoples Gas Light and Coke Company
American Car and Foundry Company General Electric Company United States Rubber Company
American Smelting & Refining Company General Motors Corporation United States Steel Corporation
The American Sugar Refining Company National Lead Company United States Steel Corporation (Preferred)
Dropped from Average
United States Rubber Company (First Preferred) ↓

U.S. Rubber (First Preferred) was replaced by General Motors.

May 12, 1912[edit]

Amalgamated Copper Mining Company Central Leather Company United States Rubber Company
American Car and Foundry Company General Electric Company United States Rubber Company (First Preferred)
American Smelting & Refining Company National Lead Company United States Steel Corporation
The American Sugar Refining Company The Peoples Gas Light and Coke Company United States Steel Corporation (Preferred)
Dropped from Average
Colorado Fuel and Iron Company

Colorado Fuel was replaced by Central Leather.

November 7, 1907[edit]

Amalgamated Copper Mining Company Colorado Fuel and Iron Company United States Rubber Company
American Car and Foundry Company General Electric Company United States Rubber Company (First Preferred)
American Smelting & Refining Company National Lead Company United States Steel Corporation
The American Sugar Refining Company The Peoples Gas Light and Coke Company United States Steel Corporation (Preferred)
Dropped from Average
Tennessee Coal, Iron and Railroad Company

Tennessee Coal was replaced by General Electric.

April 1, 1905[edit]

Amalgamated Copper Mining Company Colorado Fuel and Iron Company United States Rubber Company
American Car and Foundry Company National Lead Company United States Rubber Company (First Preferred) ↑
American Smelting & Refining Company The Peoples Gas Light and Coke Company United States Steel Corporation
The American Sugar Refining Company Tennessee Coal, Iron and Railroad Company United States Steel Corporation (Preferred)
Dropped from Average
The United States Leather Company (Preferred) ↓

U.S. Leather (Preferred) was replaced by U.S. Rubber (First Preferred).

July 1, 1901[edit]

Amalgamated Copper Mining Company Colorado Fuel and Iron Company The United States Leather Company (Preferred)
American Car and Foundry Company National Lead Company United States Rubber Company
American Smelting & Refining Company The Peoples Gas Light and Coke Company United States Steel Corporation
The American Sugar Refining Company Tennessee Coal, Iron and Railroad Company United States Steel Corporation (Preferred)
Dropped from Average
Continental Tobacco Company International Paper Company (Preferred) ↓

Continental Tobacco and International Paper were replaced by American Car and Colorado Fuel.

April 1, 1901[edit]

Amalgamated Copper Mining Company International Paper Company (Preferred) ↑ The United States Leather Company (Preferred)
American Smelting & Refining Company National Lead Company United States Rubber Company
The American Sugar Refining Company The Peoples Gas Light and Coke Company United States Steel Corporation
Continental Tobacco Company Tennessee Coal, Iron and Railroad Company United States Steel Corporation (Preferred) ↑
Dropped from Average
The American Cotton Oil Company Federal Steel Company Pacific Mail Steamship Company
American Steel & Wire Co. General Electric Company

American Cotton Oil, American Steel & Wire, Federal Steel, General Electric, and Pacific Mail Steamship were replaced by Amalgamated Copper, American Smelting, International Paper, U.S. Steel, and U.S. Steel (Preferred).

April 21, 1899[edit]

The American Cotton Oil Company Federal Steel Company The Peoples Gas Light and Coke Company
American Steel & Wire Co. General Electric Company Tennessee Coal, Iron and Railroad Company
The American Sugar Refining Company National Lead Company The United States Leather Company (Preferred)
Continental Tobacco Company Pacific Mail Steamship Company United States Rubber Company
Dropped from Average
American Spirits Manufacturing Co. The Laclede Gas Company Standard Rope & Twine Co. ↓
American Tobacco Company

American Spirits, American Tobacco, Laclede Gas, and Standard Rope were replaced by American Steel & Wire, Continental Tobacco, Federal Steel, and General Electric.

September 1898[edit]

The American Cotton Oil Company The Laclede Gas Company Standard Rope & Twine Co.
American Spirits Manufacturing Co. National Lead Company Tennessee Coal, Iron and Railroad Company
The American Sugar Refining Company Pacific Mail Steamship Company The United States Leather Company (Preferred)
American Tobacco Company The Peoples Gas Light and Coke Company United States Rubber Company
Dropped from Average
General Electric Company

General Electric was replaced by U.S. Rubber

March 24, 1898[edit]

The American Cotton Oil Company General Electric Company The Peoples Gas Light and Coke Company †
(formerly Chicago Gas Light and Coke Company)
American Spirits Manufacturing Co. The Laclede Gas Company Standard Rope & Twine Co.
The American Sugar Refining Company National Lead Company Tennessee Coal, Iron and Railroad Company
American Tobacco Company Pacific Mail Steamship Company The United States Leather Company (Preferred)

Chicago Gas merged with Peoples Gas.[6]

December 23, 1896[edit]

The American Cotton Oil Company Chicago Gas Light and Coke Company Pacific Mail Steamship Company
American Spirits Manufacturing Co. General Electric Company Standard Rope & Twine Co. ↑
The American Sugar Refining Company The Laclede Gas Company Tennessee Coal, Iron and Railroad Company
American Tobacco Company National Lead Company The United States Leather Company (Preferred)
Dropped from Average
United States Cordage Company (Preferred) ↓

U.S. Cordage was replaced by Standard Rope.

November 10, 1896[edit]

The American Cotton Oil Company Chicago Gas Light and Coke Company Pacific Mail Steamship Company
American Spirits Manufacturing Co. General Electric Company Tennessee Coal, Iron and Railroad Company
The American Sugar Refining Company The Laclede Gas Company United States Cordage Company (Preferred)
American Tobacco Company National Lead Company The United States Leather Company (Preferred)
Dropped from Average
United States Rubber Company

U.S. Rubber was replaced by Pacific Mail Steamship.

August 26, 1896[edit]

The American Cotton Oil Company Chicago Gas Light and Coke Company Tennessee Coal, Iron and Railroad Company
American Spirits Manufacturing Co. †
(formerly Distilling & Cattle Feeding Co.)
General Electric Company United States Cordage Company (Preferred) ↑
The American Sugar Refining Company The Laclede Gas Company The United States Leather Company (Preferred)
American Tobacco Company National Lead Company United States Rubber Company
Dropped from Average
North American Company

North American was replaced by U.S. Cordage. Distilling & Cattle Feeding changed its name to American Spirits Manufacturing.

May 26, 1896[edit]

The First Dow Jones Industrial Average [7]

The American Cotton Oil Company Distilling & Cattle Feeding Co. North American Company
The American Sugar Refining Company General Electric Company Tennessee Coal, Iron and Railroad Company
American Tobacco Company The Laclede Gas Company The United States Leather Company (Preferred) ↑
Chicago Gas Light and Coke Company National Lead Company United States Rubber Company

Only American Sugar carried over from the precursors.

Precursors to the DJIA[edit]

Prior to the May 26, 1896, inception of the Dow Jones Industrial Average, Charles Dow's stock average consisted of the Dow Jones Transportation Average. The average was created on July 3, 1884 by Charles Dow, co-founder of Dow Jones & Company, as part of the Customer's Afternoon Letter. From its inception (until May 26, 1896), the Dow Jones Transportation Average consisted of eleven transportation-related companies: nine railroads and two non-rail companies (Western Union and Pacific Mail).

April 9, 1894[edit]

The American Sugar Refining Company Chicago, Rock Island and Pacific Railroad Missouri Pacific Railroad
Chicago, Burlington and Quincy Railroad Delaware & Hudson Canal Northern Pacific Railway (Preferred)
Chicago, Milwaukee and St. Paul Railroad Delaware, Lackawanna and Western Railroad Union Pacific Railroad
Chicago and North Western Railway Louisville and Nashville Railroad The Western Union Telegraph Company

January 2, 1886[edit]

Chicago, Milwaukee & St. Paul Railroad Lake Shore Railway Northern Pacific (Preferred)
Chicago & North Western Railway Louisville & Nashville Railroad Pacific Mail Steamship Company
Delaware & Hudson Canal Missouri Pacific Railroad Union Pacific Railroad
Delaware, Lackawanna & Western Railroad New York Central Railroad The Western Union Telegraph Company

February 16, 1885[edit]

Central Pacific Railroad Delaware, Lackawanna & Western Railroad Northern Pacific Railway (Preferred)
Central Railroad of New Jersey Lake Shore Railway Pacific Mail Steamship Company
Chicago, Milwaukee & St. Paul Railroad Louisville & Nashville Railroad Union Pacific Railroad
Chicago & North Western Railway Missouri Pacific Railroad The Western Union Telegraph Company
Delaware & Hudson Canal New York Central Railroad

July 3, 1884[edit]

Chicago & North Western Railway Company Missouri Pacific Railroad Company Chicago, Milwaukee & St. Paul Rail Road Company
Delaware, Lackawanna & Western Railroad Company New York Central Railroad Company Union Pacific Railroad Company
Lake Shore Railway Company Northern Pacific Railway Company (Preferred) The Western Union Telegraph Company
Louisville & Nashville Railroad Company Pacific Mail Steamship Company

References[edit]

  1. ^ [1] Dow Jones History, dowjones.com
  2. ^ [2] Explanation of B shares
  3. ^ [3] National Distillers in Encyclopedia.com
  4. ^ [4] Chevron history page
  5. ^ [5] American Crystal Sugar history at fundinguniverse.com
  6. ^ [6], Chicago Gas Industry, 1860 to 1913 history, page 67.
  7. ^ [7] Still They Ride, in Financial History, Winter 2004

External links[edit]