Dow Jones Industrial Average (DJIA)
What is it? Often known as the Dow, one of the most frequently quoted market indexes in the news. It refers to a weighted average of 30 widely-traded blue chip stocks (such as IBM and Coca-Cola). The closing prices of these 30 stocks are added and then divided by a factor that accounts for stock splits and other market changes. (The number refers to points, not dollars.) Because these stocks are in a variety of sectors and are actively traded, they are considered a good reflection of the market.Added By: Owen
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