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Dow Jones, Netflix, and Why Ghosts Say 'Boo'

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Good morning! It's Sunday, Oct. 19, and today is the 38th anniversary of Black Monday, a major global financial crash that saw the Dow Jones Industrial Average shed over 22% of its value in a single day. To mark the anniversary, we wanted to understand how the index began and why it became such a bellwether for the US economy.

 

Scroll down to learn how Haribo's simple production approach gives it an edge, when ghosts started saying "boo," and much more. Or visit 1440 Topics for primers on NFTs, Arthritis, or 200 others.

 

Have suggestions? Help us better serve our more than 4.5 million readers by sharing your honest feedback at [email protected].

 

— 1440 Topics Team

Dear Readers—Our Sunday edition delivers deep dives into interesting and relevant topics, helping you explore new ideas and feed your curiosity.

 

Instead of the news—which we cover Monday through Saturday—today we’ll bring you deeply researched overviews and the human-curated articles, podcasts, videos, and more that most fascinated us this week.

Tracking Stocks

 

What is the Dow Jones?

Created in 1896, the Dow Jones Industrial Average is one of the world’s oldest and most widely recognized stock indexes—a measure tracking the stock performance of a selected group of companies (see most recent data).

 

Originally designed to track America’s leading industrial firms, the Dow has evolved into a cultural and financial shorthand for the health of the US economy. As of 2025, it measures 30 major companies—like McDonald's, Boeing, and Nike—across sectors such as technology, healthcare, finance, and consumer goods. 
 

Unlike most modern indexes, which are weighted by the total value of a company’s shares, the DJIA uses a price-weighted formula—meaning stocks with higher share prices exert more influence, regardless of company size. The DJIA has been updated 59 times since its creation to reflect changes in the US economy (see chart). Companies can be removed if they decline in relevance, merge or are acquired, or no longer represent the sectors the index aims to capture.


... Read our full deep dive on the index here.

 

Also, check out ... 

> Even iconic companies get dropped from the Dow. (More)

> The theory of market analysis developed by the man behind the Dow Jones index. (More)

> Dow components are chosen by a committee, not a formula. (More)

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Noom has helped millions of people lead healthier lives. Ready to take a new approach to your health? Take this 5-minute quiz – 1440 readers can try Noom free for 14 days.

 

*Based on a 6-month retrospective matched case-control analysis of 723 Noom users and 723 non-Noom members based on Aetna data for a Noom Health Customer.

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Atmospheric Conditions

 

Climatology, explained
Climatology 
is the science of climate, or the study of long-term atmospheric conditions across Earth. Unlike meteorology, which uses data to predict weather over several days, climate science focuses on identifying patterns across 55 essential climate variables over periods of 30 or more years. These patterns help climatologists better understand the interactions between Earth’s systems and refine computational models to predict future phenomena.

 

Climate variable data, including temperature via the thermometer and air pressure via the barometer, have been directly collected and recorded since the 1600s. Data from before this instrumentation was invented can be obtained by analyzing climate proxies—materials that preserve past climate conditions.
 

This data is used to test the accuracy of climate models—created by applying the laws of physics to Earth's systems—before they are run on supercomputers to project future conditions.

... Read our full explainer on climatology here.

 

Also, check out ... 

> Earth has shifted between extreme warming and cooling periods for 500 million years. (More)

> Climate models have predicted sea level change almost perfectly for 30 years. (More)

> Layers in Earth's sediment hold clues to Earth's climate. (More)

Streamer-in-Chief

 

Netflix, 101
Netflix is the dominant streaming platform today, with more than 300 million subscribers. It pioneered the "bingeable" format after starting as a DVD rental company and now produces and releases hundreds of original shows and movies each year.

 

The company was founded by Reed Hastings and Marc Randolph and spent its first decade oscillating between survival and growth. It survived the dot-com bubble, went public in 2002, and emerged victorious in fierce competition with Blockbuster. As high-speed internet became pervasive, the company began streaming content directly to subscribers, letting them watch movies and TV shows instantly instead of waiting for DVDs by mail.

 

The company began offering original content in 2013, and launched its first prestige drama with “House of Cards.” Hit franchises that followed included “Stranger Things” and “The Crown,” among many others.

 

... Read our full write-up on the streamer here.

 

Also, check out ... 

> How binge-watching was the result of a competition. (More)

> The complex infrastructure initiated by pressing "play" on Netflix. (More)

> Why Netflix's movies seem so similar. (More)

Best of the Week

 

We added 131 resources this week to our knowledge collective—here are some of our favorites.

 

How candymaker Haribo focuses on gummies to simplify production.

 

Who pays for science? Mostly private businesses and the federal government.

 

How did the Silk Road actually work?

 

Ghosts didn't say "boo" until the 19th century. 

 

Were Greek boxers ripped? And other fact-checks about the ancient world.

 

It took the inventor of the Rubik's Cube a month to solve the puzzle. 

 

The fabulous prison escapes of Japan's "Harry Houdini," Yoshie Shiratori.

 

There may be 2 billion people asleep right now on Earth.

 

Toronto has 18 miles of underground pedestrian tunnels. 

 

What's the difference between capitalism and socialism?

 

An epic (four-hour) listen on Google's AI innovations—and playing catch-up with OpenAI.

 

The technical name for goosebumps is "piloerection." 

 

Economics progresses from ideas, according to Nobel winner Joel Mokyr.

 

Simulate an asteroid and measure its impact while studying defense scenarios.

 

The 31 best science fiction films of all time. 

In partnership with Noom

'Almost 200 Pounds Lost'

 

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More from 1440

 

Have you checked out our lineup of weekly 1440 Topics newsletters? You can sign up for any (or all) that pique your interest, always 100% free. Here's what's on deck this week:

 

1440 Science & Technology: Tuesday, we're exploring the impossibly futuristic invention of lasers (sign up here). 

 

1440 Business & Finance: Thursday, we'll look at the varied—and often misunderstood—legal entities known as trusts (and their funds) (sign up here). 

 

1440 Society & Culture: Saturday, we're gearing up for spooky season with a close look at October's favorite genre: horror (sign up here). 

 

Monday—Saturday

1440 Daily Digest: Our original newsletter focused on what is happening in the world each day. Join more than 4.5 million other insatiably curious readers—click here to join for free!

Historybook: British Gen. Charles Cornwallis surrenders at Yorktown, effectively ending the Revolutionary War (1781); John Jay becomes first US chief justice (1789); Actor and director Jon Favreau born (1966); Black Monday stock market crash; Dow Jones drops 22.6% in one day (1987).

"I like happy endings in movies. I think life has a happy ending. When it's all said and done, it's all something worthwhile, and I want my movies to reflect that."

- Jon Favreau

Behind the Name. In 1440, the printing press sparked a knowledge revolution. We carry that spirit forward, cutting through the noise and algorithm-driven feeds, to bring fact-driven knowledge to everyone.

 

Send us your feedback at [email protected] and help us stay as unbiased as humanly possible. We’re ready to listen.

 

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*Disclosure: Real Noom user(s) compensated to provide their story. In 4 weeks the typical Noom user can expect to lose 1-2 lbs per week. Noom results involve maintaining a healthy diet and exercise changes. Individual results may vary. 

Age & Metabolism Coursepack: Additional charges apply.

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