Dow Jones Utility Average(redirected from Dow 15)
Dow Jones Utility Average
A stock index tracking fifteen large, American utility companies. Utility companies borrow more than most companies and thus benefit from low interest rates. Because of this, a downturn on the DJUA is considered a predictor signaling an expected rise in interest rates. See also: Dow Jones Industrial Average, Dow Jones Transportation Average.
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Dow Jones Utility Average.
The Dow Jones Utility Average tracks the performance of the stocks of 15 gas, electric, and power companies, and is one of the components of the Dow Jones 65 Composite Average.
Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.