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What Is the Dow Jones? Stock Market Indexes

what is the dow jones trading at today

The Dow slipped in Monday’s session, hurt by Boeing and a handful of other laggards. With sentiment and positioning elevated and valuations adequately reflecting good news in the market, UBS believes a correction could be ahead. Later in the week, investor attention will turn to the producer-focused index. The two releases are among the last major economic reports expected before Federal Reserve leaders convene for their March policy meeting. The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria.

Those losses come as traders prepare for February’s consumer price index due Tuesday. Economists polled by Dow Jones anticipate CPI will rise 0.4% between January and February and 3.1% on an annualized basis. Excluding volatile food and energy prices, the so-called core basket is expect to increase 0.3% on the month and 3.7% on the year. Stocks notched a second straight weekly loss on Friday as traders took in hotter-than-expected inflation data throughout the week. The Dow Jones Industrial Average groups together the prices of 30 of the most traded stocks on the New York Stock Exchange (NYSE) and the Nasdaq.

what is the dow jones trading at today

Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded. There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. “We have widely incomplete data. The vast majority of the time in the last year it’s been negatively revised,” Cannacord’s Tony Dwyer said. Dow Jones & Company is the firm founded by Charles Dow, Edward Jones, and Charles Bergstresser in 1882, not the people themselves.

Stocks could be ‘ripe for a pullback’ before rally continues, Wolfe Research says

The S&P 500 has recently struggled on the first day of new trading weeks — and that trend appears to be continuing on Monday. The drug maker has been one of the best performers this year, still up about 25% partly on enthusiasm about its weight loss drug. The swift rally pushed Eli Lilly’s market cap above $700 billion briefly, making it the eighth biggest company in the U.S. “This past week was an indication that there’s a potential shift brewing in the market,” said Mark Hackett, Nationwide’s chief of investment research. “It was the third down week since October, the Magnificent 7 has proven that it is not nearly as powerful as it once was, and volatility has begun to increase.” The equal-weighted S&P 500 Index hit an all-time high last week, surpassing its previous record from two years ago.

what is the dow jones trading at today

Industrial companies’ performance is often seen as synonymous with that of the overall economy, making the DJIA a key measure of broader economic health. Although the economy’s health is now tied to many other sectors, the DJIA is still seen as a vital indicator of the U.S. economy’s well-being. That’s compared to increases of 0.3% and 3.1%, respectively, in the prior reading. “I think the February inflation data will be another reminder that the Fed needs to tread cautiously.”

Stock futures open little changed

It is more popular than both the S&P 500 Index, which tracks 500 stocks, and the Nasdaq Composite Index, which includes more than 2,500 U.S. and international equities. As of 2024, Dow Jones & Company continued to be a major source of financial news. Its publications included MarketWatch, Barron’s, and, of course, The Wall Street Journal. What is more, these financial news outlets maintained considerable independence from News Corp. If that holds through closing bell, it would mark the sixth straight day that began a new trading week and ended in the red.

  1. Besides the famous Dow Jones Industrial Average, the company also created various other market averages.
  2. The S&P 500 pulled back on Monday as the rally that brought the major averages to record highs cooled off.
  3. Steel Dynamics and Nucor were the worst performers, with both down around 1.3%.
  4. Dow was known for his ability to explain complicated financial news to the public.
  5. The S&P 500 has recently struggled on the first day of new trading weeks — and that trend appears to be continuing on Monday.
  6. When the Dow falls, it is bearish, and most stocks typically lose money.

It also beat the 0.3% rise that economists polled by Reuters were expecting. The blue-chip Dow fell 0.9% last week, its worst performance in a week since October. The broad S&P 500 lost 0.3%, while the technology-heavy Nasdaq Composite tumbled 1.2%. Materials stocks in the S&P 500 were able to break from the index’s wobbly trading on Monday. The divergence is due to the shifting market leadership as some of the biggest technology companies resumed their retreat, while small caps outperformed.

Monday’s action follows a losing week for the major averages that pulled the S&P 500 and Nasdaq off all-time highs. Information technology stock Super Micro Computer dropped more than 5%, while chipmaker Nvidia fell 2%. Both took a hit as investors question if stocks tied to artificial intelligence have more room to run after monster rallies. An equity decline that lasted just a few minutes gave way to a rebound that pushed the S&P 500 up more than 1%. Notwithstanding the fact that the consumer price index continued to show signs of “stickiness,” the overall report came only slightly above economist estimates. While that’s not ideal for a central bank trying to get close to its 2% target, the CPI was not a shocker to Wall Street traders dreading another post-inflation rout.

Her expertise is in personal finance and investing, and real estate. Other names on the top losers list also include Softbank Group, which declined 5.19% as well as Kawasaki Heavy Industries, which fell 4.16%. According to Factset, semiconductor equipment manufacturer Advantest Corp was the largest loser on the index, down 6.32%. This was followed by counterpart Screen Holdings, which slipped 5.75%. That retreat comes as investors have questioned how much farther many of these names can go after the technology’s increased attention catalyzed monster rallies.

Boeing drags on Dow

The Global X Artificial Intelligence & Technology ETF (AIQ) as a whole slipped around 0.2%. Bally’s shares surged more than 23% Monday after Standard General’s buyout proposal of the casino operator for $15 per share. This trend marks a turn from 2023, when the S&P 500 finished more than three out of every four Mondays with gains, according to Bespoke Investment Group. Boeing and Builders FirstSource were the the weighed on the sector, falling nearly 4% each. Rockwell Automation, Howmet Aerospace, United Rentals and Hubbell also lagged, slumping about 3% each.

Japan averts technical recession as revised fourth-quarter data shows economy grew 0.4%

Often referred to as “the Dow,” the DJIA is one of the most-watched stock indexes in the world, containing companies such as Apple, Boeing, Microsoft, and Coca-Cola. Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more.

Stocks whose performance is tied to the price of bitcoin rose on Monday after the cryptocurrency climbed to another all-time high. Strategist Chris Senyek said in a note to clients Monday that stocks could struggle in the near term but that investors shouldn’t panic at the first signs of a downturn. The stock market may be in a bumpy transitionary period, but the rally should continue in the intermediate term, according to Wolfe Research. Steel Dynamics and Nucor were the worst performers, with both down around 1.3%.

Industrials among worst-performing stocks in S&P 500

Dow chose several industrial-based stocks for the first index, and the first reported average was 40.94. Dow Jones & Company owned the DJIA as well as many other indexes that represent different sectors of the economy. They included the oldest index, the Dow Jones Transportation Average, which tracks 20 transportation companies, such as airlines and delivery services. Another major index is the Dow Jones Utility Average, which tracks 15 U.S. utility stocks. Dow Jones, or more precisely, Dow Jones & Company, is one of the world’s largest business and financial news companies. Charles Dow, Edward Jones, and Charles Bergstresser formed the company in the 19th century.

Charles Dow and Edward Jones ran the company themselves in the early years and built a reputation for integrity. When Dow died in 1902, Clarence Barron and Jessie Waldron bought the company, and control eventually passed to the Bancroft family. In 2007, News Corp. purchased Dow Jones & Company from the Bancrofts. Dow Jones was not a single person, but two of the three people who founded Dow Jones & Company in 1882. Charles Dow was the Dow in Dow Jones, Edward Jones was the Jones, and Charles Bergstresser was the company’s third founder.

On the other hand, Nike and UnitedHealth were the best performers, with each stock rising more than 2%. Under the surface, that pullback could really be a rotation toward stocks that underperformed in 2023. The West Texas Intermediate contract for April lost 8 cents, or 0.10%, to settle at $77.93 a barrel.

Eli Lilly started the week down 4% Monday, pushing its one-week loss to more than 7%. Bitcoin proxy Microstrategy jumped 9% after the company purchased another roughly 12,000 bitcoins for more than $821 million in cash, according to a filing. The blue-chip index ticked lower by around 0.1% in afternoon trading. But less than half of the 30 stocks in the index were on pace for losses.