DJIA is a short of Dow Jones Industrial Average. DJIA is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. Recently, DJIA shed 61 points, or 0.5%, to 11793 in morning trading. ow Jones Industrial Average closed down 137.74 points, or 1.2%, at 11855.42.
DJIA is now owned by the CME Group, which is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard trading session in the stock market.
The value of the DJIA is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
DJIA is among the most closely watched benchmark indices tracking targeted stock market activity, along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index.
You can visit www.dowjones.com for more information about DJIA (Dow Jones Industrial Average).
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