Dow Jones Utility Averager
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®
A trademark for a stock average of 15 large electric and gas utility companies that attempts to show overall price movements of utility stock. The direction that this average takes is heavily influenced by changes in long-term interest rates.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.