Ask A Fool: The Dow Just Hit 23,000. What Does It Mean?

The Dow Jones Industrial Average is not only an arbitrary number, but it is a flawed indicator of how well the stock market is performing.For starters, the index only considers 30 large stocks. Companies like Apple, Johnson & Johnson, and Microsoft are members. Between the NYSE and Nasdaq alone, there are more than 5,100 publicly traded companies, and the index only represents less than 1% of them.Additionally, it is a price-weighted index, meaning that stocks with higher share prices matter more to the index's performance.

Topics:  dow jones industrial average is   apple   microsoft   nyse   nasdaq    per-share intel   dow   johnson    johnson   goldman sachs   intel   index   market   fact   large   stocks   companies   
BING NEWS:
  • The Dow closes 300 points higher and the S&P 500 looks to break a losing streak as investors wait for Apple
    U.S. stocks rose broadly Thursday afternoon as investors awaited Apple’s quarterly earnings report after markets close and the monthly jobs report due Friday.
    05/2/2024 - 8:18 am | View Link
  • Carvana Stock Surges on Surprise Profit
    In the three months ended March 31, Carvana’s revenue increased 17% to $3.1 billion while its earnings per share (EPS) improved to 23 cents from a loss of $1.51 in Q1 2023. These results were driven ...
    05/2/2024 - 5:02 am | View Link
  • Peloton Stock Is Turbulent After CEO Split, Job Cuts
    Peloton stock is on a roller-coaster ride after announcing a leadership change and restructuring plan. Here's what you need to know.
    05/2/2024 - 3:30 am | View Link
  • Dow advances strategic focus with sale of flexible packaging laminating adhesives business to Arkema
    Dow (NYSE: DOW) announced today that it has signed an agreement to sell its flexible packaging laminating adhesives business, within Dow's Packaging & Specialty Plastics segment, to Arkema, a leader ...
    05/2/2024 - 1:00 am | View Link
  • Stock Market News: Dow, S&P 500 Edge Up
    U.S. stock futures are rising on Thursday as investors continue to digest the latest Federal Reserve decision and guidance on interest rates from Fed Chairman Jerome Powell. The next major catalyst ...
    05/1/2024 - 9:49 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News