The Dow Jones Industrial Average is called the Dow Jones because it was developed by Charles Dow and Edward Jones at Dow Jones & Company.
Why do they call it Dow Jones?
It was created by Charles Dow, the editor of The Wall Street Journal and the co-founder of Dow Jones & Company, and named after him and his business associate, statistician Edward Jones.
What does the Dow Jones Industrial number mean?
The Dow Jones Industrial Average (DJIA) measures the daily price movements of 30 large American companies on the Nasdaq and the New York Stock Exchange. The DJIA is price-weighted, which means stocks with higher share prices are given greater weight in the index.
What is S and P 500 companies?
The S&P 500 Index, or the Standard & Poors 500 Index, is a market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. The index is widely regarded as the best gauge of large-cap U.S. equities. As a result, there are many funds designed to track the performance of the S&P.