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