When they say Dow is 30000, what is this number exactly in stock market? It is in dollars? ?
- Ron AkiaLv 72 months ago
Although widely used, it's not the best barometer of the market. Basically, it's a combination of 30 corporations, divided proportionally per value of the corporation, and is commonly used to reflect the market.
- kswck2Lv 72 months ago
Amazing how many wrong answers are here. You might just be better off just looking up the DOW and reading what is there, as there is no simple definition.
- StephenWeinsteinLv 72 months ago
It's in dollars. It's a weighted average of the stock prices of 30 large companies. They add up the prices (in dollars) and then divide by a number and see what they get.
- MattLv 62 months ago
It’s an index.
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- Anonymous2 months ago
The "Dow" (Dow Jones Industrial Average) is a stock market index of 30 large American publicly traded/owned companies.
No, the number is not dollars, nor is it trade volume. The number is simply a construct designed to express how the stock prices of the 30 companies on the index are performing over time.
Rick and Keith are both totally wrong. Gotta love mansplaining from people who don't have a clue...
- mindcrime828Lv 72 months ago
The Dow Jones Industrial Average, also known as DJIA or simply "the Dow" is an index of 30 large companies that are listed on the New York Stock Exchange and the NASDAQ. The number is calculated by taking the sum of the stock prices of the 30 companies in the index, then dividing it by a factor. The current factor is 0.152 but that changes whenever one of those companies undergoes a stock split so that the value of the index is unaffected by the stock split.
The volume of stocks traded.
it's the selling price of the stocks of 100 different companies added together ............