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 ?
Over the next ten days, the Dow Industrial rallied from 7,524 to 8,521 before beginning a pullback.
As a result, the Dow industrials ended 2007 with a gain of 801 points, or 6.
The Dow industrials picked up to positive territory in final hours of trading.
Since last week, the Dow industrials have been following an upward trend, helped by expectations for an additional interest rate cut by the Federal Reserve.
The Dow industrials have thus surged 628 points since the beginning of this week.
In the afternoon, equities broadly came under strong selling pressure, with the Dow industrials gathering a downward pace toward the close of the session.
The NYSE imposes its ``uptick'' rule, curbing certain types of computer-guided trading in order to stabilize the market, after the Dow industrials fall 50 points.
Our Blue-Chip Select(TM) program tries to chose the best performers of the 30 Dow Industrials using our proprietary research.
In New York, 11 of the 30 stocks in the Dow Industrials didn't open in the first hour of trading.
After a 9-month advance in the Dow Industrials that reached 33% at its height, Ziskin now warns that danger may be ahead.
We designed Blue-Chip Select to outperform the Dow Industrials by recommending equity purchases that our research shows may be predictable for a predetermined period," explained John H.