DJIA to hit 40,000 by 2030?

On May 26, 1896, Charles Dow, an editor at the Wall Street Journal and co-founder of Dow Jones & Company, created a new stock market index and named it the Dow Jones Industrial Average. Never did he dream of it hitting 20,000 when it opened at 32. By 1905, 10 years after it had been created, the DJIA had doubled to 65.