The Dow Jones Industrial Average (DJIA) is an index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange (NYSE) and the NASDAQ.
 | | Term of the Day | Words to Know | | |  | | Dow Jones Industrial Average (DJIA) | The Dow Jones Industrial Average (DJIA) is an index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange (NYSE) and the NASDAQ. The Dow Jones is named after Charles Dow, who created it in 1896, and his business partner, Edward Jones.
Often referred to as "the Dow," the DJIA is one of the oldest, single most-watched indices in the world. To investors, the Dow Jones is defined as a collection of blue-chip companies with consistently stable earnings that include Walt Disney Company, Exxon Mobil Corporation, and Microsoft Corporation. When the TV networks say "the market is up today," they are generally referring to the Dow. | | Read More » | | Related to "Dow Jones Industrial Average (DJIA)" | | | | New York Stock Exchange | | The New York Stock Exchange, located in New York City, is considered the world's largest equities-based exchange in terms of total market capitalization. | | Read More » | | | Dow Theory | | The Dow theory states that the market is trending upward if one of its averages advances and is accompanied by a similar advance in the other average. | | Read More » | | | Blue-Chip Stock | | A blue-chip stock is a company that typically has a large market cap, a sterling reputation and many years of success in the business world. | | Read More » | | | Price-Weighted Index | | A price-weighted index is a stock market index where each stock makes up a fraction of the index that is proportional to its value. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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