Just image them such as you’d picture Costco and Target, except as an alternative of promoting tolietries and food, they sell stocks. The DJIA, or Dow Jones Industrial Average, created by the Wall Street Journal in 1896, is not a market. Rather, it’s a assortment of shares that aims to be representative of the NYSE. The value of the DJIA is definitely simply a median of the total of all its stock costs. It has turn into iconic as an indicator of all stock markets and the economic system, despite the fact that this can be a misnomer (the economic system is made up of many extra components than merely the NYSE).
Still, traders use it as a common benchmark for the general performance of all stocks on a given day. You can find the quote of an organization’s stock very simply right now, either through finance web sites like …Continue Reading