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 ?
The chairman of Kenya's Diamond Trust Bank, Abdul Samji, said: "The biggest challenge now is that the banking industry is becoming very competitive, not only in Kenya, but within the East African market.
In Diamond Trust of London, players lead opposing teams of agents traveling to Angola's six finest diamond-producing regions to buy diamonds to sell in the world's two major trading hubs: London and Antwerp.
Diamond Trust, which is connected to the Aga Khan Fund for Economic Development, has moved up one place from 8th to 7th in our regional table, on the back of a rise in Tier 1 Capital from $175m to $220m.
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Diamond Trust Bank Kenya Limited (DTBK) is incorporated as a public company which is listed on the Nairobi Securities Exchange.
The major Kenyans still dominating the scene include Equity Bank, Kenya Commercial Bank (KCB), Barclays Bank of Kenya, Cooperative Bank, Standard Chartered, National Bank of Kenya (NBK), Diamond Trust Bank (DTB), NIC Bank, Commercial Bank of Africa (CBA) and CFC Stanbic.
Kenya: Kenya Postbank, Diamond Trust Bank-Kenya, Kenya Commercial Bank, Equity Bank Limited and Bank of Africa teamed together to provide funding for desks for primary schools in eight Kenyan provinces
Seeking to establish operations in one of them over the next 15 to 18 months, Diamond Trust Bank (DTB) has announced that it was implementing feasibility studies in Madagascar and DRC.
As the East African Community (EAC) continues to pursue economic integration, Kenyan banks such as KCB, Diamond Trust Bank and NIC Bank are setting up subsidiaries in other EAC member states, both through acquisition or through organic growth.
These are: National Bank of Commerce, Standard Chartered Bank, Exim Bank, Stanbic Bank, Barclays Bank, Diamond Trust Bank and Bank M.
Read about Diamond Trust (AMEX:DIA), Parexel International (NASDAQ:PRXL), and Magellan Petroleum (NASDAQ:MPET).
Diamond Trust Bank (DTB) announced a Rights Issue from which it targets to raise Sh3.