Dow Jones Averages


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Dow Jones Averages

Measures of changes in the market value of blue chip stocks traded on the New York Stock Exchange (and occasionally NASDAQ), weighted by price. Price-weighting means that stocks with higher prices per share affect the averages more. There are four Dow Jones Averages: the Dow Jones Industrial Average (DJIA), the Dow Jones Transportation Average (DJTA), the Dow Jones Utility Average (DJUA), and the Dow Jones Composity Average (DJCA). The DJIA tracks 30 major companies in different industries, such as General Electric and Bank of America. The DJTA tracks 20 transportation companies, including railroads and airlines. The DJUA tracks 15 utility companies, most of which are defensive securities. The DJCA tracks all 65 companies in the other averages. See also: Publicly-traded company.
References in periodicals archive ?
For each interval the table lists the number of positive impulses which occurred in that interval for each of the three Dow Jones Averages.
Table 2 shows correlation coefficient values calculated for each interval, for each of the three Dow Jones Averages, for lags 40 to 100, and for lags 40 to 200.
t] = closing value of Dow Jones Average on trading day t
Table 3 is prepared in a similar way to Table 2 except that the 36-56 interval for the Dow Jones Industrial Average is used as the correlation partner for each of the other intervals (instead of the 36-56 interval in the respective Dow Jones Average.