DOW JONES INDUSTRIAL AVERAGE
Release Date: Daily
Release Coverage: Month-End
Released By: N/A
Official Release (daily): http://finance.yahoo.com/q?d=t&s=^DJI
The Dow Jones Industrial Average is an index that tracks the price weighted average of the 30 most actively traded blue-chip companies on the NYSE. As stated by Dow Jones: "Roughly two-thirds of the DJIA's 30 component companies are manufacturers of industrial and consumer goods. The others represent industries as diverse as financial services, entertainment and information technology. Even so, the DJIA today serves the same purpose for which it was created – to provide a clear, straightforward view of the stock market and, by extension, the U.S. economy."
WHAT DR. ED SAYS:
The Dow Jones Industrial Average serves as a key indicator of the overall economy and market. The 30 components have large capitalizations and influence within the global market and even politics. The index also takes into account a majority of industry classifications. This level of diversification and represented large cap stocks generally smooth out a majority of industry-specific shocks, again making a stable long-term benchmark to stock values.