Dow Jones average is set to close October as its best month since 1976. Details here

Wall-Stree-t—think-stk

Dow Jones’s October gains come mainly from a higher weightage of high-performing energy and industrials stocks. The Nasdaq, in contrast, has suffered due to a below-par performance of tech stocks.

Nevertheless, DowJones is poised for higher gains, with energy companies hoping to maintain their growth. Meanwhile, traders eagerly wait for the Central Bankto fine-tune their Fed-rate hike plans so that large companies can close the year on a solid note.

FAQs

What is the Dow Jones Industrial Average?
Popularly referred to as the Dow 30, the Dow Jones Average monitors the movement of the stock prices of 30 publicly-owned companies in the large sector on the New York Stock Exchangeand the Nasdaq.

What is the Dow divisor?
To bring uniformity in monitoring the stock price movement, the Dow divisor, a pre-determined constant, was created. The primary purpose of the divisor is to ensure that the value of the Dow remains consistent.

Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.

Read More News on

(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily International News Updates.

more

ETPrime stories of the day

Stories you might be interested in

An up-ordown vote in the Senate could happen before the end of this week.

Leave a Reply

Your email address will not be published. Required fields are marked *