Generally speaking, the Dow Jones index may refer to the first of the four groups of the Dow Jones Industrial Average. Dow Jones index, also known as $30, Dow Jones stock price average index, is the most influential and widely used stock index in the world.
It is based on some representative company stocks listed on new york Stock Exchange, and consists of four stock price average indexes.
important
The Dow Jones index usually refers to the Dow Jones Industrial Average, which is a representative, widely used and outstanding stock price index. It is the most influential and authoritative stock price index in the world at present. The Dow Jones average price index of 30 industrial stocks came on May 26th, 1896.
At present, the Dow Jones Industrial Average is maintained by the editorial department of the Wall Street Journal. The selection criteria of its constituent stocks include sustainable development, large scale, excellent reputation, industry representation and being sought after by most investors.
At present, 30 stocks in the Dow Jones Industrial Average are representatives of American blue chips. The subtle change of this mysterious index has brought panic or ecstasy to hundreds of millions of people. It is no longer an ordinary financial indicator, but a code name of the world financial culture.
One of the reasons is that the stocks selected by the Dow Jones stock price average index are representative, and the issuing companies of these stocks are well-known companies with important influence in the industry. Their stock prices have attracted the attention of the world stock market, and investors all over the world attach great importance to them. In order to maintain this feature, Dow Jones often adjusts the stocks selected by its stock price average index, and replaces those stocks that lose their representativeness with dynamic and more representative company stocks.
Since 1928, 30 kinds of industrial and commercial company stocks used only to calculate the average price index of Dow Jones Industrial Average have been replaced 30 times. Almost every two years, a new company stock will replace the old company stock.
The second reason is that The Wall Street Journal, the news media that publishes the Dow Jones stock price average index, is the most influential newspaper in the world financial circle. The newspaper reported in detail the average index, percentage change rate of each sample stock and the turnover of each sample stock calculated every hour every day, and paid attention to the stock price average index after share split's correction. During the business hours of the new york Stock Exchange, the Dow Jones average stock price index is published every half hour.
The third reason is that this average stock price index has never stopped since its compilation, and it can be used to compare the stock market and economic development in different periods. It has become one of the most sensitive average stock price indexes reflecting the changes in the American stock market, and it is the main reference for observing market dynamics and engaging in stock investment.
However, because dow jones stock price indexes is a constituent stock index, its representativeness has been questioned and criticized by people, because it only includes a very small part of more than 2,500 listed companies, and most of them are hot stocks, excluding companies in the service industry and financial industry that have developed rapidly in recent years.
Since May 25th, 1996, the Dow Jones China Stock Index has been compiled for the China stock market. As of April 1998 and 1, a total of 88 stocks in Shanghai and Shenzhen stock markets have been selected as their constituent stocks, so it is called the Dow Jones China 88 Stock Index.