What Is the Dow Jones Industrial Average (DJIA)?

The Dow Jones Industrial Average (DJIA), also known as the Dow 30, is a stock market index that tracks 30 large, publicly-owned blue-chip companies trading on the New York Stock Exchange and the NASDAQ. The Dow Jones is named after Charles Dow, who created the index in 1896 along with his business partner Edward Jones.1

The DJIA is the second oldest U.S. market index; the first was the Dow Jones Transportation Average.1

The DJIA was designed to serve as a proxy for the health of the broader U.S. economy.

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