Who is calculating the Dow Jones Industrial Average Index ?
The NY Stock Exchange or the Wall Street Journal ?
Could you give me a link to the calculation formula ?
The Dow Jones Industrial Average Index is calculated by Dow Jones Indexes, a unit of Dow Jones & Company.
Dow Jones ( a subsidiary of news corp)
The Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, or informally the Dow Jones or The Dow) is one of several stock market indices created by nineteenth century Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. Dow compiled the index as a way to gauge the performance of the industrial component of America's stock markets. It is the oldest continuing U.S. market index, aside from the Dow Jones Transportation Average, which Dow also created.
Today, the averages consists of 30 of the largest and most widely held public companies in the United States. The "industrial" portion of the name is largely historicalâ€"many of the 30 modern components have little to do with heavy industry. To compensate for the effects of stock splits and other adjustments, it is currently a scaled average, not the actual average of the prices of its component stocksâ€"the sum of the component prices is divided by a divisor, which changes whenever one of the component stocks has a stock spilt or stock dividend, to generate the value of the index.
Dow Jones calculates it, hence the name.
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