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 teams that have confirmed so far, apart from Diamond Trust Bank and Nation Media Group, are Astral Aviation, Zamara, Apec Consortium, Letshego, Royal Media, Bamburi Cement, Kingsway Tyres, Safaricom, Ecobank, Consolidated Bank, General Electric, Leverkusen and Tradewinds Aviation.Others are Davis and Shirtliff, Toyota Kenya, Tropical Heat, SportPesa, Toyota Kenya, All Saints Cathedral and Cosmos.
For assets and liabilities alone, Diamond Trust Bank (DTB) came out with 13.6 per cent and 15.14 per cent growth respectively, the largest amongst the more established banks.
Rio Tinto completed its ownership of Argyle by purchasing the 5% share owned by the Western Australian Diamond Trust for A$3.8 million last year.
Last May, Central Bank of Kenya partnered with KCB, CBA, Co-op Bank, Diamond Trust Bank and NIC to launch Stawi mobile loan product at equivalent annual interest of nine per cent, plus facility fees of four per cent, insurance cost of 0.7 per cent and excise duty at 20 per cent of the facility fee.
Cube Movers scored a goal in each half to sink Diamond Trust Bank 2-0 in a Division 3 match of the Left Foot league played over the weekend.
The five banks are Standard Chartered Kenya, Equity, Diamond Trust, Co-operative Bank and KCB Group, the central bank said.
Rising stars include telecommunications company Safaricom, local banks Equity Group, KCB and Coop- erative Bank, Diamond Trust and I&M Holdings.
Diamond Trust Bank has completed the takeover of Habib Bank Kenya after Central Bank approved the deal.
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.
So far, those charged in court include Diamond Trust Bank Eastleigh Branch Manager Sophia Njoki Mbogo, who is accused of aiding and abetting the attack after she failed to report a suspicious cash transaction amounting to S4.7 million, and Hassan Abdi Nur, a trader who used to operate an M-Pesa business in Eastleigh.
Smaller transactions have included Diamond Trust Bank's acquisition of Habib Bank Kenya in 2017.