Dow Jones Industrial Average

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Dow Jones Industrial Average

The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. The Dow, as it is called, is a barometer of how shares of the largest US companies are performing. There are hundreds of investment indexes around the world for stocks, bonds, currencies, and commodities.

Dow Jones Industrial Average

A stock market index founded in 1896 by Charles Dow tracking 30 companies in various industries thought to be representative of the American economy. It is a price-weighted index, meaning that stocks with higher prices per share affect the average more. It also scales its averages to account for stock splits and other changes in the companies tracked. All stocks tracked in the DJIA are traded on either the New York Stock Exchange or NASDAQ. It is considered the premier securities index in the United States.

Dow Jones Industrial Average (DJIA).

The Dow Jones Industrial Average (DJIA), sometimes referred to as the Dow, is the best-known and most widely followed market indicator in the world. It tracks the performance of 30 blue chip US stocks.

Though it is called an average, it actually functions more like an index. The DJIA is quoted in points, not dollars. It's computed by totaling the weighted prices of the 30 stocks and dividing by a number that is regularly adjusted for stock splits, spin-offs, and other changes in the stocks being tracked.

The companies that make up the DJIA are changed from time to time. For example, in 1999 Microsoft, Intel, SBC Communications, and Home Depot were added and four other companies were dropped. The changes are widely interpreted as a reflection of the emerging or declining impact of a specific company or type of company on the economy as a whole.

References in periodicals archive ?
For assets and liabilities alone, Diamond Trust Bank (DTB) came out with 13.
1 March 2012 - Kenya-based Diamond Trust Bank on Thursday reported a pre-tax profit of KES4.
Rio Tinto completed its ownership of Argyle by purchasing the 5% share owned by the Western Australian Diamond Trust for A$3.
Imperial Bank depositors' lobby group told the Star that Diamond Trust Bank, Kenya Commercial Bank and State Bank of Mauritius (SBM) submitted their bids early this week.
These include Nation Media Group, Serena hotels, Jubilee insurance and Diamond Trust Bank.
Diamond Trust Bank has completed the takeover of Habib Bank Kenya after Central Bank approved the deal.
Regional Rank Company Name Ranking /250 2016 1 23 Safaricom 2 79 East African Breweries 3 92 Tanzania Breweries 4 96 Equity Group Holdings 5 100 KCBGroup 6 135 Co-operative Bank Of Kenya 7 143 British American Tobacco-Kenya 8 152 Standard Chartered Bank 9 171 National Microfinance Bank 10 177 Bamburi Cement 11 187 Tanzania Cigarette Company 12 215 Kenya Electricity Generating 13 216 Barclays Bank of Kenya 14 220 British American Tobacco Uganda 15 227 Stanbic Bank Uganda 16 232 I&M Holdings 17 239 Diamond Trust Bank Kenya 18 -- Jubilee Holdings 19 -- Centum Investments 20 -- CFC Stanbic Regional Industry Country Total Ranking Market Cap 2016 (millions $) 1 Wireless Telecommunication Kenya 7,854.
Institutions taking home two Awards each included Bank of Khartoum, Barclays, CBA Group, Co-operative Bank of Kenya, Diamond Trust Bank, Ecobank, Equity Bank and NIC Bank.
Kenyan banks such as Kenya Commercial Bank, Diamond Trust Bank, Equity Bank and Fina Bank were quick to set up their own operations in Rwanda, Burundi, Tanzania and Uganda, while I&M Bank took over Rwanda Commercial Bank in 2012.
3 November 2011 -- Kenya-based Diamond Trust Bank's (NBO:DTK) pre-tax profit has climbed 13% on the year to KES3.
9 May 2011 - Diamond Trust Bank Kenya (NBO:DTK) announced today a 64% annual surge in its first-quarter 2011 pretax profit to KES879.
NASDAQ CM: ZOOG), a leading developer, publisher and distributor of interactive entertainment software, today announced that its indiePub division has partnered with widely acclaimed independent video game developer Jason Rohrer to release Diamond Trust of London, a clever turn-based strategy game, for Nintendo DS[TM].