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☆ Why we care so much about the Dow, the stock market’s dumbest index
▼ + stars: | 2024-05-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it. “Mention ‘the Dow’ and, to most people, that means the stock market,” said Art Hogan, chief market strategist at B. Riley Financial, in a note to CNN. It’s just an index that tracks the stock market activity of 30 large US companies, from Amazon to McDonald’s to the Walt Disney Company. Market capitalization measures the total value of a company on the stock market.

Persons: Dow, ”, Hogan, It’s, “ Dow Jones ”, “, Nick Colas, you’re, ” Colas, Daniel Alpert, wasn’t, Goldman Sachs, Colas, I’ve, ” Alpert Organizations: New, New York CNN, Dow Jones, Dow, Riley Financial, CNN, Walt Disney Company, Westwood Capital, Standard Oil, US Steel, Microsoft, Apple Locations: New York, Amazon, Silicon

CNN —Brittney Griner, the WNBA star who was freed from Russia late last year after being wrongfully detained, was harassed Saturday by a man described as a social media “provocateur” at a Dallas airport. A source familiar with the incident told CNN that around 9:30 am CT, Griner was at the Dallas Fort Worth International Airport traveling with Phoenix Mercury teammates on their way to a game. CNN has reached out to local law enforcement and the DFW airport about the incident. “We remain steadfastly committed to the highest standards of security for players,” the statement reads. We demand better.”Unlike in the NBA, WNBA teams are not permitted to use charter planes for travel, CNN previously reported.

Persons: Brittney Griner, Griner, Viktor Bout –, ”, Biden, “, Brianna Turner, Lindsay Kagawa Colas, ” Colas Organizations: CNN, WNBA, Dallas Fort Worth International, Phoenix Mercury, DFW, “, Twitter, NBA Locations: Russia, Dallas, of, America

That the WNBA star, who lost her appeal Tuesday, is a gay Black woman could add unknown variables to a penal system that is known to be remote and harrowing. “Conditions in prisons and detention centers varied but were often harsh and life threatening,” a 2021 State Department report on Russian human rights abuses said. “Russian prisons are grim, even relative to prisons in other countries. Prisoners were used for farming, mining or logging in sparsely populated areas of the country or worked in sweatshop conditions. It can often take weeks for prisoners to arrive at the prisons on prison trucks and specially designed train carriages called Stolypins.

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