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What is the djia index used for?
The DJIA index is very popular part of the stock market. The Dow Jones Industrial Average (DJIA) is the most quoted when it comes to noting how well the market is doing.
What does INDP INDU mean?
INDU = Industrial average (DJIA) INDP = Industrial production
What was DJIA close on December 31 2008?
DJIA: Closed @ 8,776.39 on 12/31/08.
The Dow Jones Average is Down 15 Dollars What does this phrase mean in laymans term?
Not very much. Sad but true. They calculate the Dow by adding together the prices of the 30 stocks that comprise the Dow Jones Industrial Average, then dividing by a figure that's SUPPOSED to linearize the DJIA. It takes into account things like stock splits. Right now, the divisor is below one, so the DJIA is higher than the combined stock prices of the 30 companies in the DJIA. The DJIA is generally held as an indicator of the health of the market. There are better indices--the Standard & Poor's 500 is a good one--but the Dow is traditional.
What are 3 major stock averages?
3 major stock INDEXES, not averages, Dow Jones Industrial Average (DJIA), NASDAQ, and S&P 500.
How long has DJIA existed?
About 100 years
What is the djia index used for?
The DJIA index is very popular part of the stock market. The Dow Jones Industrial Average (DJIA) is the most quoted when it comes to noting how well the market is doing.
What does INDP INDU mean?
INDU = Industrial average (DJIA) INDP = Industrial production
What companies trade djia futures?
"Dow Jones is the company that does the trading of DJia futures. It stands for Dow Jones Industrial Average, and gives the current and future stock market ratings."
What was the first figure of the DJIA?
The first figure came out on May 26, 1896, with an average of 40.94.
How many stocks are in the Dow Jones average?
The Dow Jones (DJIA) consists of 30 stocks.
How do you buy a share of the Dow Jones average?
Up until recently, it was impossible to buy a share of the Dow Jones Industrial Average (DJIA). The average consists of 30 companies, so an investor who wanted to mimic the returns of the DJIA would have to buy shares of all 30 companies in proportion to their weighting in the average and continually rebalance their portfolio based on the weighting each company was given in the DJIA. Today, with the advent of ETF's an investor can invest in the DIA, the State Street Global Advisor SPDR of the Dow Jones Industrial Average. The DIA ETF seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the DJIA.
Why is the DJIA called an average?
It is called an average because it originally was computed by taking the stock prices, adding them together, and dividing them by the number of stocks.
When was the Dow Jones Industrial Average introduced?
Charles H. Dow (1851-1902) introduced the Dow Jones Industrial Average (DJIA) in 1896
What was the Dow Jones Industrial average on Jan 1 2000?
DJIA Closed at 11,497.12 on 31/12/1999
What was DJIA close on December 31 2008?
DJIA: Closed @ 8,776.39 on 12/31/08.
The Dow Jones Industrial Average DJIA is determined by averaging the price of all stocks on the New York Stock Exchange?
False
