Difference between revisions of "Dow Jones Industrial Average"

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(update symbol for DowDuPont Inc)
 
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*CSCO - Cisco Systems Inc
 
*CSCO - Cisco Systems Inc
 
*CVX - Chevron Corp
 
*CVX - Chevron Corp
*DD - E I du Pont de Nemours and Co
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*DWDP - DowDuPont Inc
 
*XOM - Exxon Mobil Corp  
 
*XOM - Exxon Mobil Corp  
 
*GS - Goldman Sachs Group Inc  
 
*GS - Goldman Sachs Group Inc  

Latest revision as of 21:14, 21 June 2018

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 June 2018, when it replaced General Electric with Walgreens. The prior substitution was in March 2015 by the Dow, 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 2018 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, WBA, and WMT):

  • AXP - American Express Co
  • AAPL - Apple Inc
  • BA - Boeing Co
  • CAT - Caterpillar Inc
  • CSCO - Cisco Systems Inc
  • CVX - Chevron Corp
  • DWDP - DowDuPont Inc
  • XOM - Exxon Mobil Corp
  • 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
  • WBA - Walgreens Boots Alliance
  • 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%
2016 19,763 +2,338 +13.4%
2017 24,719 +4,957 +25.1%
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