Wednesday, December 29, 2010

Dow Jones Industrial Average

The Dow Jones Industrial Average (DJIA) is a price-weighted average of 30 of the most significant and largest stocks that are traded on the NASDAQ (Nasdaq OMX) and New York Stock Exchanges (NYSE Euronext). The Index was created by Dow Jones & Company co-founder Charles Dow in 1896 and is one of the longest running US market indexes. The Dow is one of the most widely followed stock indexes, and is what most commentators refer to when noting movements in the US market. There is an ETF on the Dow called DIA which is provided by State Street Global Advisors.

Synonyms: The Dow, DJIA, Dow Jones, Index

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