Golden anniversaries are common, so are diamond anniversaries. And certainly centennial anniversaries are reason for celebration. However, the 115th anniversary is not usually observed with a great deal of fanfare, but don't tell that to Dow Jones Indexes.
On May 26, the Dow Jones industrial average will celebrate 115 years. To commemorate the feat, Dow Jones Indexes, which is now part of CME Group Inc., will host an event May 11 at the New York Society of Security Analysts.
At the ceremony, John A. Prestbo, editor and executive director of Dow Jones Indexes and so-called Keeper of the Dow, will take a nostalgic look back at the index and how it reflects on the evolution of the U.S. and global equity markets.
“Commemorating the Dow's 115th anniversary provides the occasion to look back and marvel at how the U.S. stock market has grown and changed since the late 19th century. The Dow has tracked every step, becoming, in the process, an enduring icon that continues to be relevant today. No matter how much the world changes over the next 115 years, the Dow will be around to measure it.” Mr. Prestbo wrote in an e-mail.