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Dow Jones Industrial Average
Dow Jones Industrial Average definition - finance
The worldÂ’s most well known stock
index, comprised of 30 stocks that represent leading companies in major
industries. Charles H. Dow, the founder of Dow Jones & Co, introduced the
DJIA in 1896. It is the oldest stock price measure in continuous use. All the
companies in the index are large and stable (blue-chip) companies and are
widely held by both individual and institutional investors. Although many
companies have remained in the DJIA for a length of time, some are occasionally
removed due to poor financial performance or a merger. The ticker symbol is
DJIA.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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