Where is the dow jones industrial average today
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Dow Jones Industrial Average
Although it is one of the most commonly followed equity indices, many consider the Dow to be an inadequate representation of the overall U. The value of the index is the sum of the price of one share of stock for each component company divided by a factor which changes whenever one of the component stocks has a stock split or stock dividend , so as to generate a consistent value for the index. Since the divisor is currently around 0. It is the second-oldest U. It is the best known of the Dow Averages, of which the first non-industrial was originally published on February 16, The averages are named after Dow and one of his business associates, statistician Edward Jones.
The industrial average was first calculated on May 26, The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The ten components of the index with the highest dividend yields are referred to as the Dogs of the Dow.
Although the Dow is compiled to gauge the performance of the industrial sector within the American economy, the index's performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm. General Electric had the longest continuous presence on the index, beginning in and ending in Changes to the index since are as follows:.
Investing in the DJIA is possible via index funds as well as via derivatives such as option contracts and futures contracts. The easiest way to invest indirectly in the Dow Jones Industrial Average is to buy an index fund which tracks its daily movement. Either a mutual fund or an exchange-traded fund ETF can replicate, before fees and expenses, the performance of the index by holding the same stocks as the index, in the same proportions.
Trading is typically carried out in an open outcry auction, or over an electronic network such as CME's Globex platform. Options on various Dow-underlying ETFs are also available for trading. The following table shows the annual development of the Dow Jones Index, which was calculated back to In , Charles Dow composed his first stock average, which contained nine railroads and two industrial companies that appeared in the Customer's Afternoon Letter , a daily two-page financial news bulletin which was the precursor to The Wall Street Journal.
Though comprising the same number of stocks, this index contained only one of the original twelve industrials that would eventually form Dow's most famous index. Dow calculated his first average purely of industrial stocks on May 26, , creating what is now known as the Dow Jones Industrial Average. None of the original 12 industrials still remain part of the index.
When it was first published in the mids, the index stood at a level of It reached a peak of Many of the biggest percentage price moves in the Dow occurred early in its history, as the nascent industrial economy matured.
In the s, the Dow halted its momentum as it worked its way through two financial crises: the Panic of and the Panic of The Dow remained stuck in a range between 53 and points until late The negativity surrounding the San Francisco earthquake did little to improve the economic climate; the index broke for the first time in At the start of the s, the Panic of — stifled economic growth.
On July 30, , as the average stood at a level of Some historians believe the exchange was closed because of a concern that markets would plunge as a result of panic over the onset of World War I. When the markets reopened on December 12, , the index closed at This is frequently reported as a large drop, due to using a later redefinition.
Reports from the time say that the day was positive. The Dow's performance remained unchanged from the closing value of the previous decade, adding only 8. The Dow experienced a long bull run from to late when it rose from 73 to points. This period downplayed the influence of the Depression of —21 and certain international conflicts such as the Polish—Soviet War , the Irish Civil War , the Turkish War of Independence and the initial phase of the Chinese Civil War.
After a peak of Overall for the s decade, the Dow still ended with a healthy Marked by global instability and the Great Depression, the s contended with several consequential European and Asian outbreaks of war, leading up to catastrophic World War II in The United States experienced the Recession of — , which temporarily brought economic recovery to a halt.
The largest one-day percentage gain in the index happened in the depths of the s bear market on March 15, , when the Dow gained However, as a whole throughout the Great Depression, the Dow posted some of its worst performances, for a negative return during most of the s for new and old stock market investors.
For the decade, the Dow Jones average was down from The strength in the Dow occurred despite the Recession of and various global conflicts. The s marked a time of economic uncertainty and troubled relations between the U. The s energy crisis was a prelude to a disastrous economic climate along with stagflation , the combination of high unemployment and high inflation. However, on November 14, , the average closed at 1, In , the index reached 1, several times and it closed the year at 1, Although the Vietnam War ended in , new tensions arose towards Iran surrounding the Iranian Revolution in The s began with the early s recession.
In early , the index broke above 1, several times, but then retreated. After closing above 2, in January , [38] the largest one-day percentage drop occurred on Black Monday , October 19, , when the average fell There were no clear reasons given to explain the crash.
The index had only two negative years in the s: in and The s brought on rapid advances in technology along with the introduction of the dot-com era. The markets contended with the oil price shock compounded with the effects of the Early s recession and a brief European situation surrounding Black Wednesday. Between late and early , the Dow staggered through the 3, level making only modest gains as the biotechnology sector suffered through the downfall of the Biotech Bubble; as many biotech companies saw their share prices rapidly rise to record levels and then subsequently fall to new all-time lows.
The Dow soared from to between January to July However, the Dow continued climbing past despite negativity surrounding the Russian financial crisis along with the subsequent fallout from the collapse of Long-Term Capital Management due to bad bets placed on the movement of the Russian ruble.
On March 29, , the average closed at 10, This prompted a celebration on the trading floor, complete with party hats. The Dow averaged a 5. On September 17, , the first day of trading after the September 11 attacks , the Dow fell 7. However, the Dow began an upward trend shortly after the attacks, and quickly regained all lost ground to close above 10, for the year. In , the Dow dropped to a 4-year low of on September 24, due to the stock market downturn of and lingering effects of the dot-com bubble.
In , the Dow held steady within the 7, to 9,point level and recovered to the 10, mark by year end. The Dow continued climbing and reached a record high of 14, The Dow lost more than points for the day, returning to its mid-July lows below 11, After nearly six months of extreme volatility during which the Dow experienced its largest one-day point loss, largest daily point gain, and largest intraday range of more than 1, points at the time, the index closed at a new year low of 6, Towards the latter half of , the average rallied towards the 10, level amid optimism that the Lates recession , the United States housing bubble and the financial crisis of — , were easing and possibly coming to an end.
During the first half of the s decade, aided by the Federal Reserve 's loose monetary policy including quantitative easing , the Dow made a notable rally attempt. This was despite significant volatility due to growing global concerns such as the European sovereign debt crisis , the Dubai World debt standstill , and the United States debt-ceiling crisis of On May 6, , the Dow lost 9. This event, which became known as the Flash Crash , sparked new regulations to prevent future incidents.
Six years after its previous high in , the Dow finally closed at a new record high on March 5, Despite the emerging coronavirus pandemic , the Dow continued its bull run from the previous decade before peaking at 29, The index slowly retreats for the remainder of the week and into next week, before coronavirus fears and an oil price war between Saudi Arabia and Russia sent the index into a tailspin , recording several days of losses [62] and gains [63] of at least 1, points, a typical symptom of a bear market [64] as previously seen in October during the financial crisis.
Volatility rose high enough to trigger multiple minute trading halts. The divisor is adjusted in case of stock splits, spinoffs or similar structural changes, to ensure that such events do not in themselves alter the numerical value of the DJIA. Early on, the initial divisor was composed of the original number of component companies; this initially made the DJIA a simple arithmetic average. The present divisor, after many adjustments, is less than one meaning the index is larger than the sum of the prices of the components.
That is:. Events such as stock splits or changes in the list of the companies composing the index alter the sum of the component prices. In these cases, in order to avoid discontinuity in the index, the Dow Divisor is updated so that the quotations right before and after the event coincide:.
The Dow Divisor was 0. Additionally, the DJIA is criticized for being a price-weighted index , which gives higher-priced stocks more influence over the average than their lower-priced counterparts, but takes no account of the relative industry size or market capitalization of the components. As of March , Apple and UnitedHealth Group are among the highest priced stocks in the average and therefore have the greatest influence on it.
Alternately, Pfizer and Dow Inc. A study between the correlation of components of the Dow Jones Industrial Average compared with the movement of the index finds that the correlation is higher when the stocks are declining.
The correlation is lowest in a time when the average is flat or rises a modest amount. From Wikipedia, the free encyclopedia. Stock market index. This article is about the stock market index with ticker DJIA. Capitalism portal Business and economics portal. February 24, Archived from the original on October 4, The Motley Fool. Los Angeles Times.
Follow the stocks in the Dow Jones Industrial Average today in the stock market. DJIA | A complete Dow Jones Industrial Average index overview by MarketWatch. %. 1 Month. %. 3 Month. %. YTD. %. 1 Year. %.
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Stocks: Real-time U. International stock quotes are delayed as per exchange requirements.
Most investors, even newer ones, are familiar with the Dow Jones Industrial Average. And if you're not, that's ok, too.
Dow Jones - DJIA - 100 Year Historical Chart
Although it is one of the most commonly followed equity indices, many consider the Dow to be an inadequate representation of the overall U. The value of the index is the sum of the price of one share of stock for each component company divided by a factor which changes whenever one of the component stocks has a stock split or stock dividend , so as to generate a consistent value for the index. Since the divisor is currently around 0. It is the second-oldest U. It is the best known of the Dow Averages, of which the first non-industrial was originally published on February 16, The averages are named after Dow and one of his business associates, statistician Edward Jones.
Dow Jones (DJI)
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Real Money.
The stock market index was developed as a simple means of tracking U. As some of the top stocks in the marketplace, the belief is that the Dow 30 represents a strong assessment of the market's overall health and tendencies.
Dow Jones Today [Live Update]
The shares included in it are weighted according to price; the index level represents the average of the shares included in it. Dividend payments are not considered in the index. The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria. Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded. There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. Prices are indicative and may differ from the actual market price. Add to watchlist. Market Cap. Day Low. Historical Prices.
It's a Banner Day for the Delusional Properties of the Stock Market
On this particular Friday in May, we learned that the United States hemorrhaged more than 20 million jobs in the month of April. That's pretty much a minimum number. Many economists seem to think even more people lost their livelihoods. The unemployment rate is now Others have had hours or salaries cut. People who were already living paycheck to paycheck working jobs that paid too little now aren't getting paid at all. Filing for—and receiving—unemployment is its own chaotic horror. Even if some or a majority of those jobs can be recovered, a big chunk won't be.
