It finished up 15.82 points at 12,965.69.
What you need to know about the major market indices.
Our editorial team does not receive direct compensation from our advertisers.What does a high Dow number mean for the global economy?
So if you invest in index funds, no need to panic about missing out on the Dow’s spiking value.In other words, buy and hold. The Dow sat at 2810 on January 2, 1990. By the time I started as a financial planner in early 2003, it was around 7700. Fast forward six years, and at the bottom of the financial crisis, the Dow was only at 7924. Fast forward to today, and the Dow is currently above 27,000.Day to day swings will get larger as the index goes up. With the Dow Jones around 27,000 as I write this, it doesn’t take much for the market to move 100 points up or down. Still, each 1000 point milestone is psychologically significant for the mood of the market. There is excitement each time the next milestone is reached for the first time.Hope this helps give you a little better understanding of why the Dow Jones Industrial Average moves up and down each day. From there, I’d love to see you develop a financial plan to reach your various goals. He is the founder of the FinancialPlannerLA.com Blog.
But this compensation does not influence the information we publish, or the reviews that you see on this site. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.“Dow 20,000 is a round number but so was the Queen of England turning 90.”Get insider access to our best financial tools and content“The Dow Jones industrial average is a price-weighted index, not a market capitalization weighted index,” says Greg McBride, CFA, Bankrate’s chief financial analyst.The Dow Jones holds 30 blue-chip stocks. Some, like General Electric, are long-established firms.
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The Dow Jones Industrial Average is not only an arbitrary number, but it …
The editors of the Wall Street Journal first used the divisor in 1928.
Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Dow Jones is one of the largest financial news companies in the world. He’d hate to see people decide that some specific high number is the perfect time to start investing.
Dow and Jones intended the index to track the growth or contraction of U.S. industry. Does this mean stocks are getting expensive? The Dow Jones Industrial Average, often simply known as “the Dow,” is a number that represents the average price of 30 of the largest and most widely traded stocks in the United States. Today, though the number of stocks in the Dow remains at 30, the companies represented range from large retailers to financial services companies to computer manufacturers.The Dow Jones Industrial Average is not a true average.
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