From Wikipedia, the free encyclopedia The Dow Jones Industrial Average , also called DJIA, the Industrial Average, the Dow Jones, the Dow Jones Industrial, ^DJI, the Dow 30 or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.
Initial components [ edit ]Dow calculated his first average purely of industrial stocks on May 26, 1896, creating what is now known as the Dow Jones Industrial Average.
 It is the second-oldest U.S. market index after the Dow Jones Transportation Average, which was also created by Dow.
On February 27, 2007, the Dow Jones Industrial Average fell 3.3% (415.30 points), its biggest point drop since 2001.
Exchange-traded fund [ edit ]The index is tracked by an exchange-traded fund, the SPDR Dow Jones Industrial Average (NYSE Arca: DIA), commonly called “diamonds”.
Who Cares If the Dow Jones Hit 20,000?
Earlier this week, the Dow Jones Industrial Average hit twenty-thousand points — the first time the famed stock market index has reached that level since its inception in 1896.
But, as Doug Henwood and others have shown, the stock market doesn’t actually operate this way.
Equity ownership across the income distribution exhibits a similar pattern.
Foundations, endowments, and pension funds also typically invest in the stock market, at least in part.
The twenty-thousand-point landmark is arbitrary and meaningless, but it does provide an occasion to reflect upon who owns the stock market and thus who benefits when it performs well.
Stock market hits historic level; Dow Jones tops 20,000
By Ramon Padilla, Jim Sergent, Adam Shell USA TODAYThe stock market hit a historic high on Wednesday.
So why have the Dow 30 stocks been rising?
Many investors and traders pay close attention when the stock market nears and surpasses important milestones, especially large round numbers.
The Dow Jones Industrial Average surpassed the 20,000 level after meandering for more than a month within striking distance.
The measure was put together 120 years ago, in an era when financial statistics were in their infancy, to provide a general sense of how the stock market was behaving.
collected by :Dicson Walt