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What is a Dow Jones industrial average? |
What is a Dow Jones industrial average? The Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, or informally the Dow industrials, the Dow Jones or The Dow) is one of several stock market indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. Dow compiled the index as a way to gauge the performance of the industrial component of America's stock markets. It is the oldest continuing U.S. market index, aside from the Dow Jones Transportation Average, which Dow also created. Today, the average consists of 30 of the largest and most widely held public companies in the United States. The "industrial" portion of the name is largely historical 鈥?many of the 30 modern components have little to do with heavy industry. To compensate for the effects of stock splits and other adjustments, it is currently a scaled average, not the actual average of the prices of its component stocks 鈥?the sum of the component prices is divided by a divisor, which changes over time, to generate the value of the index. Its the average of a group of stocks that were selected in order to represent the stock market as a whole. All of the markets are such, they just use different stocks See http://en.wikipedia.org/wiki/dow_jones_i... http://en.wikipedia.org/wiki/dow_jones_i... YOUR MOTHER. The daily Dow Jones Industrial average is a group of about 30 large, basically industrial stocks in America. The daily Dow Jones is a simple and convenient stock market average study. There are others like the Standard and Poor or S&P 500 |
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