symbol for dow jones industrial average

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What is the base value of the Dow Jones industrial average?

base value is 100. If the index is 150 in 2009, it means that its value is 50% higher in 2009 than it was in 2001. It is also called the index number.In business, net worth (sometimes called net assets) is the total assets minus total outside liabilities of an individual or a company.

What is the difference between Dow 30 & DJIA?

Also referred to as the Dow 30, the index is considered to be a gauge of the broader U.S. economy. The Dow Jones Industrial Average is a widely-watched benchmark index in the U.S. for blue-chip stocks. The DJIA is a price-weighted index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange and the Nasdaq.

Why did Charles Dow create the Dow Jones industrial average?

It wasn't until May 26, 1896, that Dow split transportation and industrials into two different averages, creating what we know now as the Dow Jones Industrial Average. Charles Dow had the vision to create a benchmark that would project general market conditions and thus help investors bewildered by fractional dollar changes.

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