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 ?
Like the transports, the Dow industrials have yet to eclipse their all-time closing high, which was set in October.
And even between that July date and the eventual peak, the Dow industrials rose by only 1.2 percent.
Meanwhile, on Wall Street, the Dow industrials index slipped 11.94, or 0.1%, to 10,572.02.
The Dow industrials broke through the 10,000 level on Wednesday for the first time in a year on better-than-expected company results and U.S.
The Dow industrials average shed 22.52 points, or 0.2 percent, at 9,195.42 and Standard & Poor's 500 fell 2.47 points, or 0.3 percent, to 987.2.Aa
NEW YORK - The Dow industrials retreated Tuesday on a sharp decline in consumer confidence.
The composition of the Dow industrials was last changed in February, when Bank of America and Chevron replaced former Kraft parent Altria Group and Honeywell International.
The Dow industrials slumped more than 500 points to post their biggest one-day percentage loss since July 2002, while the Standard & Poor posted its worst one-day percentage loss since September 2001.
The Dow industrials were up 93 points in mid-afternoon after jumping 250 points initially and bond prices edged lower.
The NASDAQ is trading at its lowest level since 1996, and the Dow industrials closed last week at their lowest level since 1998.
With that in mind, we scanned Morningstar's databases for very basic no-load growth funds, which would tap into larger stocks in the Dow Industrials or the S&P 500.