Dow Jones Industrial Average (DJI) along with S&P 500 and NASDAQ Composite indices is one of the most widely quoted benchmark indices in the world which is considered to be a barometer of the US economic status.
The index tracks the performance of 30 large publicly traded companies (or blue chips) based in the United States using price-weighted average metric. Companies, included in the index are listed on the New York Stock Exchange (NYSE) and NASDAQ. Only stocks of companies which has the excellent reputation, demonstrate sustained growth and are of interest to a large number of investors are added into the index. The "Industrial" portion of name reflects the initial composition of the index, that was originally founded to gauge the performance of the industrial sector within the American economy. Since its foundation, index composition changed 51 times and nowadays most of its components are not related with traditional heavy industry while covering all economic sectors except transportation and utilities. However some companies, like General Electric, ExxonMobil or Procter & Gamble remain unchanged elements of the index for decades.
Currently DJIA includes such well-known international companies as Apple, Microsoft, McDonald's, Coca-Cola, Walt Disney and others. Due to the global nature of business of its components, Dow Jones Industrial Average is influenced by foreign political events, natural disasters and other international factors what makes it an indicator of world economy health.
The base value of the Dow Jones Industrial Average of 40.94 was firstly calculated on May 26, 1896 by Charles Dow. Historical maximum of 18312.39 was reached on May 19, 2015, while all-time low of 41.2 was recorded in July of 1932, at the time of Great Depression. The most recent considerable fall of the index occurred during the Global Financial Crisis of 2008-2009 that started on September, 2008 with the immediate loss of 300 points, and ended-up on March 9, 2009 at a new 12-year low of 6,547.05.
On Monday (24 August), global financial markets suffered heavy losses. Markets started to show weakness earlier this summer, weighed down by concerns about a slowdown of China's economy and fears of economic contagion from a potential Greek exit. On Monday morning, Chinese government efforts to inject liquidity to support the tumbling market failed. China's Shanghai Composite Stock Index closed the trading session with a record 8.5 percent loss, erasing all gains made since the start of the year. European stocks, commodities, and emerging markets were all quick to follow the...
Are you investing in the best economies for your industry's footprint? What factors weigh most heavily on your investment decisions? Is your economy improving in areas that matter most to investors? Economists, investors, and other analysts worldwide rely on multi-economy datasets from the likes of the World Bank and IMF as well as indices to make comparisons across time and countries and address these sorts of questions. The Global Opportunity Index (GOI) developed by the Milken Institute delivers one such index to help guide investment decisions and establish baseline estimates...
The Washington, DC-based International Consortium of Investigative Journalists (ICIJ) has released a database of the so-called Panama Papers - information leaked primarily from Mossack Fonseca, one of the world's leading global law firms providing services of incorporation of offshore entities and headquartered in Panama. The leak is the largest ever of offshore financial records and contains about 11.5 million legal and financial records dating back more than 40 years. The files expose more than 213,000 offshore entities created in 21 jurisdictions, stripping away the secrecy from...
Roughly two-thirds of all adults worldwide have a bank account. This is a simple, headline-grabbing finding based on a review of the Global Findex database published by the World Bank. Underlying geographic differences transcend a simple West - developing world divide. Other distinctions, including gender, income, and education, only widen the difference as well. Here are just a few examples of these disparities: World Region. Developing countries in East Asia & the Pacific have pushed ahead of those in other regions to achieve the highest share of the adult population (70.4%)...
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