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The Dow Jones index provides a clear, straightforward view of the stock market and, by extension, the U.S. economy. There were days when people had no clues about the Wall Street.
India, August 10, 2015 (Newswire.com) - There was a time when there were three different indices, the Dow, the Dow Jones Transportation Avg and the Dow Jones Utility Avg, which were the world’s first market indicators. Today’s Dow Jones is a combination of these three indices. Today, Dow Jones is a blue chip microcosm of the U.S. stock market. This index consists of the topmost 30 blue chip stocks listed on the New York Stock Exchange. In other words, it is the average value of 30 companies that include General Motors, Goodyear, IBM, Exxon and other such big industrial and consumer goods, financial services, entertainment and information technology companies.
The Dow Jones index provides a clear, straightforward view of the stock market and, by extension, the U.S. economy. There were days when people had no clues about the Wall Street. Everyone seemed to be confused and people were unsure of investing in stocks. This made a person called Charles Dow design a stock average index that could sort people confusion and help everybody know whether the stock market was rising, falling or treading water. He started with around 11 stocks which went through different phases of calculations and after years of research and study, ended up finally at a list of 30 stocks from diverse industries. Using such large, frequently traded stocks provides an important feature of the industrial average. At any moment during the trading day, the price of the Dow Jones Industrial Average is based on very recent transactions. Individuals interested in knowing the live results of Dow Jones can go selected sites like www.niftydowjones.com. The site provides detailed information on all the latest happenings on the Dow Jones index. It features live trading charts of gold, silver, copper, natural gas, brent and crude oil. This site of Nifty Dow Jones also has online margin and profit calculators.
