For the Dow, the Tide Is Turning
The Dow Jones Industrial Average is one of the most widely quoted indices around the world. It was created over a century ago by Charles Dow and a statistician by the name of Edward Jones. The desire was to track the industrial health of the nation during the U.S. rise to might in order to ferret out long-term bull markets.
It's a narrow index comprised of just 30 stocks, but index's compositions consists of mammoth companies. Though still mostly industrial, the modern Dow now contains some firms whose industrial muscle is more imaginary than real. Irrespective of that fact, it remains widely followed and quoted. As such, its rise and fall continues to pace investor sentiment, regardless of whether it's deserved....917 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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