In the US, the Dow Jones Index is one of the major indicators of market movements. The other two major market indexes are the NASDAQ and the S&P 500. Collectively, they are known as the Security Market Indicator Series (SMIS). It is a price weighted average index of 30 major companies. The Dow was founded in 1896 by Charles Dow, and at that time, represented the dollar average of twelve stocks. Since that time to present, it now has thirty components and is thus referred to as the Dow 30. In the old days, investors did not buy stocks because the stock market was not held in high regard. Instead, they mainly invested in bonds.

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