![]() ![]() As with all stock prices, the prices of the constituent stocks and consequently the value of the index itself are affected by the performance of the respective companies as well as macroeconomic factors.ĭow Jones Industrial Average 1970–2022 Components Īs of August 31, 2020, the Dow Jones Industrial Average consists of the following companies, with a weighting as of December 1, 2022, as shown: DJIA component companies, showing trading exchange, ticker symbols and industry The ten components with the largest dividend yields are commonly referred to as the Dogs of the Dow. Its components are selected by a committee. The index is maintained by S&P Dow Jones Indices, an entity majority-owned by S&P Global. The word " industrial" in the name of the index initially emphasized the heavy industry sector, but over time stocks from many other types of companies have been added to the DJIA. It was created by Charles Dow, co-founder of both The Wall Street Journal and the Dow Jones & Company, and named after him and his business associate, statistician Edward Jones. market indices, after the Dow Jones Transportation Average. ![]() The factor is changed whenever a constituent company undergoes a stock split so that the value of the index is unaffected by the stock split.įirst calculated on May 26, 1896, the index is the second-oldest among U.S. The value of the index can also be calculated as the sum of the stock prices of the companies included in the index, divided by a factor, which is currently (as of November 2021 ) approximately 0.152. Furthermore, the DJIA does not use a weighted arithmetic mean. It is price-weighted, unlike stock indices, which use market capitalization. The DJIA includes only 30 large companies. stock market compared to a broader market index such as the S&P 500. Many professionals consider it to be an inadequate representation of the overall U.S. The DJIA is one of the oldest and most commonly followed equity indexes. The Dow Jones Industrial Average ( DJIA), Dow Jones, or simply the Dow ( / ˈ d aʊ/), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. ![]() com /indices /equity /dow-jones-industrial-average Still, the index and the DIA ETF will react to these earnings because they will provide more information about the state of corporate America.Us. American Express, which has some banking features. The only bank stocks in the Dow Jones are Goldman Sachs and JP Morgan. These results will be followed by other large banks like Bank of America, Goldman Sachs, and Morgan Stanley. The next key catalyst for the DIA ETF is the upcoming bank earning season that kicks off on Friday when leading banks like JP Morgan, Citigroup, and Wells Fargo publish their results. It also made the mistake of concentrating most of its investments in long-term bonds. SVB, on the other hand, only focused on the technology sector. They also believe that banks that collapsed had fundamental challenges in their operations.įor example, Credit Suisse was a troubled bank that made losses worth billions of dollars in the past few years. The thinking among investors is that the banking industry is relatively safe. The DIA ETF has held quite well as investors move on from the recent bank crisis that led to the collapse of Credit Suisse and Silicon Valley Bank. Bank earnings season Copy link to section It has risen by more than 19% from the lowest level this year. It jumped to a high of $340, which is about 8% above the lowest level in March. The SPDR Dow Jones Industrial Average (DIA) ETF continued rising as investors react to the latest Federal Reserve minutes. ![]()
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