DJIA


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DJIA

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.

DJIA

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 example, DJIA has the seasonal coefficient of 1.
DJIA 1/14/2000 to 10/3/2006 Peak 1/14/2000: 11,722 10/3/2006: 11,727 Trough 10/9/2002: 7,286 Disaster 9/11/2001: 9,605 8/29/2005: 10,463 Note: Table made from line graph DJIA 9/2/1929 to 11/23/1954 25 YEARS Peak 9/2/1929: 381.
To measure this we used daily return rates of American indexes: DJIA, DJCA, S&P500, Nasdaq and Nasdaq100, British FTSE100 and FTSE250 and German DAX.
Table 3 also reveals correlation coefficients for the Euro relative to the DJIA and the S&P500 as being .
69 per share and the closing level of the DJIA was 11274.
It is time, they contend, for toppling the old DJIA and replacing it with a new index that is more in tune with electronic commerce, global business, and the service-oriented economy.
Second no authorized index fund or derivative security is based on either the DJIA or the DJTA.
At the conclusion of SPDR DJIA Trust's fiscal year-end audit (October 31), SPDR DJIA Trust must distribute net income on a tax basis to shareholders by calendar year-end or incur a 4% federal excise tax.
Also, in the most recent bull rally from March 2009 till late April 2010, the DJIA jumped 71.
As usual, FX market price action was generally correlated to risk trends, as the S&P 500 and DJIA gained 0.
Electronic data available on the Internet, such as historical data related to the DJIA, was downloaded from the financial sites of www.
When measuring the strength of the connections between the three markets, the sensitivity coefficient between the ESE and the TA100 was stronger than between it and the DJIA.