Difference between revisions of "Dow Jones Industrial Average"

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The '''Dow Jones Industrial Average''', commonly known as the '''Dow Jones''', is a [[stock]] price index based on 30 prominent stocks on the New York Stock Exchange. [[File:Dow1925-2009.jpg|390px|thumb|Dow Jones since 1925, in constant 2009 dollars]]
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The '''Dow Jones Industrial Average''', commonly known as the '''[[Dow Jones]]''' or simply the '''Dow''', is a [[stock]] price index based on thirty prominent [[stocks]] on the [[New York Stock Exchange]]. [[File:Dow1925-2009.jpg|400px|thumb|Dow Jones index since 1925, in constant 2009 dollars]] The DJIA can be traded under the stock symbol DIA.  The other two major indexes are the "S&P500" (which can be traded under the symbol "SPY") and "NASDAQ" (the trading symbol "QQQ" somewhat tracks that index).
  
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The Dow Jones Industrial Average is the average of these thirty stocks, and is a commonly used indicator of general trends in the prices of [[stock]]s and [[bond]]s in the [[United States]]. The Dow Jones Industrial Average was first published by ''[[Wall Street Journal]]'' editor Charles Dow in 1896 with twelve stocks. The only stock of the original twelve that is still a part of the Average is [[General Electric]].
  
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The Dow Jones Industrial Average is the average of these 30 stocks, and is a commonly used indicator of general trends in the prices of [[stock|stocks]] and [[bond|bonds]] in the United States. The Dow Jones Industrial Average was first published by ''[[Wall Street Journal]]'' editor Charles Dow in 1896 with 12 stocks. The number has since drawn to 30. The only stock of the original 12 that is still a part of the Average is [[General Electric]].
+
Unlike other indexes, the stocks in the Dow are weighted according to the price of one share of each company's stock, rather than by its market capitalization (overall company value).  Thus the higher the stock price, the greater weight it has in the Dow.  This tends to eliminate companies maintaining high prices for their shares, such as Amazon and Google, from being considered for inclusion in the Dow. The last time the Dow changed its component stocks was in March 2015,  The last time the Dow changed its component stocks was in March 2015, when it replaced AT&T (T) with Apple (AAPL). Due to the erosion of manufacturing jobs in the [[United States]] resultant from harmful [[free trade]] policies, the Dow is not really "industrial" any more.
 +
 
 +
As of June 2017 here are the 30 stocks in the "Dow" several of which are retail stocks or dependent on retail sales (e.g., AXP, CSCO, HD, KO, MCD, NKE, PG, V, and WMT):
 +
 
 +
*AXP - American Express Co
 +
*AAPL - Apple Inc
 +
*BA - Boeing Co
 +
*CAT - Caterpillar Inc
 +
*CSCO - Cisco Systems Inc
 +
*CVX - Chevron Corp
 +
*DD - E I du Pont de Nemours and Co
 +
*XOM - Exxon Mobil Corp
 +
*GE - General Electric Co
 +
*GS - Goldman Sachs Group Inc
 +
*HD - Home Depot Inc
 +
*IBM - International Business Machines Corp
 +
*INTC - Intel Corp
 +
*JNJ - Johnson & Johnson
 +
*KO - Coca-Cola Co
 +
*JPM - JPMorgan Chase & Co
 +
*MCD - McDonald's Corp
 +
*MMM - 3M Co
 +
*MRK - Merck & Co Inc
 +
*MSFT - Microsoft Corp
 +
*NKE - Nike Inc
 +
*PFE - Pfizer Inc
 +
*PG - Procter & Gamble Co
 +
*TRV - Travelers Companies Inc
 +
*UNH - UnitedHealth Group Inc
 +
*UTX - United Technologies Corp
 +
*VZ - Verizon Communications Inc
 +
*V - Visa Inc
 +
*WMT - Wal-Mart Stores Inc
 +
*DIS - Walt Disney Co
 +
 
 +
{| class="wikitable"  style="font-size:98%; margin:left;"
 +
|+
 +
|+
 +
!Year
 +
!closing price
 +
!change
 +
!% change
 +
!coeff. var<br>volatility
 +
|-
 +
!2007
 +
|align="right"|13,265
 +
|align="right"|+802
 +
|align="right"|+6.4%
 +
|align="right"|3.95%
 +
|-
 +
!2008
 +
|align="right"|8,776
 +
|align="right"|-4,488
 +
|align="right"|-33.8%
 +
|align="right"|13.70%
 +
|-
 +
!2009
 +
|align="right"|10,428
 +
|align="right"|+1,652
 +
|align="right"|+18.8%
 +
|align="right"|11.30%
 +
|-
 +
!2010
 +
|align="right"|11,578
 +
|align="right"|+1,149
 +
|align="right"|+11.0%
 +
|align="right"|4.35%
 +
|-
 +
!2011
 +
|align="right"|12,218
 +
|align="right"|+640
 +
|align="right"|+5.5%
 +
|align="right"|4.15%
 +
|-
 +
!2012
 +
|align="right"|13,104
 +
|align="right"|+887
 +
|align="right"|+7.3%
 +
|align="right"|2.50%
 +
|-
 +
!2013
 +
|align="right"|16,577
 +
|align="right"|+3,473
 +
|align="right"|+26.5%
 +
|align="right"|4.80%
 +
|-
 +
!2014
 +
|align="right"|17,823
 +
|align="right"|+1,246
 +
|align="right"|+7.5%
 +
|align="right"|3.30%
 +
|-
 +
!2015
 +
|align="right"|17,425
 +
|align="right"|-398
 +
|align="right"|-2.2%
 +
|align="right"|3.15%
 +
|-
 +
|}
 +
 
 +
 
 +
{| class="wikitable"  style="font-size:98%; margin:left;"
 +
|+
 +
|+2008-2009 by quarter
 +
!Quarter
 +
!closing price
 +
!change
 +
!% change
 +
!coeff. var<br>volatility
 +
|-
 +
|align="right"|2008 1st
 +
|align="right"|12,263
 +
|align="right"|-1,002
 +
|align="right"|-7.6%
 +
|align="right"|2.30%
 +
|-
 +
|align="right"|2nd
 +
|align="right"|11,350
 +
|align="right"|-913
 +
|align="right"|-7.3%
 +
|align="right"|3.40%
 +
|-
 +
|align="right"|3rd
 +
|align="right"|10,851
 +
|align="right"|-499
 +
|align="right"|-4.4%
 +
|align="right"|2.25%
 +
|-
 +
|align="right"|4th
 +
|align="right"|8,776
 +
|align="right"|-2,074
 +
|align="right"|-19.1%
 +
|align="right"|12.15%
 +
|-
 +
|align="right"|2009 1st
 +
|align="right"|7,609
 +
|align="right"|-1,167
 +
|align="right"|-13.3%
 +
|align="right"|8.05%
 +
|-
 +
|align="right"|2nd
 +
|align="right"|8,447
 +
|align="right"|+838
 +
|align="right"|+11.0%
 +
|align="right"|3.25%
 +
|-
 +
|align="right"|3rd
 +
|align="right"|9,712
 +
|align="right"|+1,265
 +
|align="right"|+15.0%
 +
|align="right"|5.30%
 +
|-
 +
|align="right"|4th
 +
|align="right"|10,428
 +
|align="right"|+716
 +
|align="right"|+7.4%
 +
|align="right"|2.90%
 +
|-
 +
|}
  
 
==Sources==
 
==Sources==
−
http://usinfo.state.gov/products/pubs/oecon/chap12.htm
+
* http://usinfo.state.gov/products/pubs/oecon/chap12.htm
 +
 
 +
==See also==
 +
*[http://money.cnn.com/data/markets/dow/ Recent performance of individual stocks in the DJIA]
 +
*[http://www.wsj.com/graphics/djia-components-history/ The Ins and Outs of the Dow Jones Industrial Average]. ''The Wall Street Journal''. Retrieved January 25, 2017.
  
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[[Category:Stock market]]
+
[[Category:Stock Market]]

Revision as of 02:46, June 7, 2017

The Dow Jones Industrial Average, commonly known as the Dow Jones or simply the Dow, is a stock price index based on thirty prominent stocks on the New York Stock Exchange.
Dow Jones index since 1925, in constant 2009 dollars
The DJIA can be traded under the stock symbol DIA. The other two major indexes are the "S&P500" (which can be traded under the symbol "SPY") and "NASDAQ" (the trading symbol "QQQ" somewhat tracks that index).

The Dow Jones Industrial Average is the average of these thirty stocks, and is a commonly used indicator of general trends in the prices of stocks and bonds in the United States. The Dow Jones Industrial Average was first published by Wall Street Journal editor Charles Dow in 1896 with twelve stocks. The only stock of the original twelve that is still a part of the Average is General Electric.

Unlike other indexes, the stocks in the Dow are weighted according to the price of one share of each company's stock, rather than by its market capitalization (overall company value). Thus the higher the stock price, the greater weight it has in the Dow. This tends to eliminate companies maintaining high prices for their shares, such as Amazon and Google, from being considered for inclusion in the Dow. The last time the Dow changed its component stocks was in March 2015, The last time the Dow changed its component stocks was in March 2015, when it replaced AT&T (T) with Apple (AAPL). Due to the erosion of manufacturing jobs in the United States resultant from harmful free trade policies, the Dow is not really "industrial" any more.

As of June 2017 here are the 30 stocks in the "Dow" several of which are retail stocks or dependent on retail sales (e.g., AXP, CSCO, HD, KO, MCD, NKE, PG, V, and WMT):

  • AXP - American Express Co
  • AAPL - Apple Inc
  • BA - Boeing Co
  • CAT - Caterpillar Inc
  • CSCO - Cisco Systems Inc
  • CVX - Chevron Corp
  • DD - E I du Pont de Nemours and Co
  • XOM - Exxon Mobil Corp
  • GE - General Electric Co
  • GS - Goldman Sachs Group Inc
  • HD - Home Depot Inc
  • IBM - International Business Machines Corp
  • INTC - Intel Corp
  • JNJ - Johnson & Johnson
  • KO - Coca-Cola Co
  • JPM - JPMorgan Chase & Co
  • MCD - McDonald's Corp
  • MMM - 3M Co
  • MRK - Merck & Co Inc
  • MSFT - Microsoft Corp
  • NKE - Nike Inc
  • PFE - Pfizer Inc
  • PG - Procter & Gamble Co
  • TRV - Travelers Companies Inc
  • UNH - UnitedHealth Group Inc
  • UTX - United Technologies Corp
  • VZ - Verizon Communications Inc
  • V - Visa Inc
  • WMT - Wal-Mart Stores Inc
  • DIS - Walt Disney Co
Year closing price change % change coeff. var
volatility
2007 13,265 +802 +6.4% 3.95%
2008 8,776 -4,488 -33.8% 13.70%
2009 10,428 +1,652 +18.8% 11.30%
2010 11,578 +1,149 +11.0% 4.35%
2011 12,218 +640 +5.5% 4.15%
2012 13,104 +887 +7.3% 2.50%
2013 16,577 +3,473 +26.5% 4.80%
2014 17,823 +1,246 +7.5% 3.30%
2015 17,425 -398 -2.2% 3.15%


2008-2009 by quarter
Quarter closing price change % change coeff. var
volatility
2008 1st 12,263 -1,002 -7.6% 2.30%
2nd 11,350 -913 -7.3% 3.40%
3rd 10,851 -499 -4.4% 2.25%
4th 8,776 -2,074 -19.1% 12.15%
2009 1st 7,609 -1,167 -13.3% 8.05%
2nd 8,447 +838 +11.0% 3.25%
3rd 9,712 +1,265 +15.0% 5.30%
4th 10,428 +716 +7.4% 2.90%

Sources

See also

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