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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]]. | | 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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| − | 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. | + | 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. |
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| | 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): | | 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): |
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| | *DD - E I du Pont de Nemours and Co | | *DD - E I du Pont de Nemours and Co |
| | *XOM - Exxon Mobil Corp | | *XOM - Exxon Mobil Corp |
| − | *GE - General Electric Co
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| | *GS - Goldman Sachs Group Inc | | *GS - Goldman Sachs Group Inc |
| | *HD - Home Depot Inc | | *HD - Home Depot Inc |
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| | *VZ - Verizon Communications Inc | | *VZ - Verizon Communications Inc |
| | *V - Visa Inc | | *V - Visa Inc |
| | + | *WBA - Walgreens Boots Alliance |
| | *WMT - Wal-Mart Stores Inc | | *WMT - Wal-Mart Stores Inc |
| | *DIS - Walt Disney Co | | *DIS - Walt Disney Co |