dow jones industrial average

Cultural Dictionary

Dow Jones Industrial Average definition

An index of the relative price movement of the shares of thirty major industrial companies, most of which are traded on the New York Stock Exchange. Changes in the average (noted as “rises” and “falls”) give investors a general picture of the state of the market. Often referred to as “the Dow.”

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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