You know the Dow Jones Industrial Average? The one everyone means when they say things like "what did the Dow do today?" It has 30 stocks on which every reporter on the planet reports...despite the fact that professional traders focus a lot more on the S&P 500 than the Dow, but...whatever. You do you, CNBC.
Anyway...the Dow Jones Transportation Average is like that other Dow's little brother. A little brother who's waaaaayyy into trucks.
The DJTA tracks the movement of stocks in the transportation sector. It includes a wide swath of transport stocks: airlines (like American and United, as of 2018), rental car companies (Avis), railroads (CSX and Union Pacific), package delivery companies (FedEx and UPS), and trucking firms (JB Hunt). Someday, DriverlessWonders.com, TelsaTeamsterDeath, and BoatsAPlenty.
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Finance: What is the Dow Jones Industria...2710 Views
finance a la shmoop- what is the Dow Jones Industrial Average? well it's just
an index. it's a basket of 30 industrial stocks hence the catchy industrial word [list of the 30 stocks involved in the Dow]
in there and it was started in 1896 by Charles Dow and Edward Jones sort of the
Coke and Pepsi of stock averages in the day .worth noting is the fact that while
the Dow average is quoted often in the press it's not something that real Wall
Street traders really rely on that much as a market place holder anymore. why?
well because the Dow comprises only 30 stocks. it isn't really a broad market [Dow Jones in the trash]
representation, and you know the way the S&P 500 is the 500 is bigger than 30. Big
Brother has way more stocks and is thus way more liquid than the relatively
blippi set of 30 stocks that the Dow offers. over time the Dow has changed as
companies were bought and/or died and or just withered and became no longer
relevant. i.e. newspaper industry. which means that this thing has gone through
more faces than Kanye West .yeah. [Kanye West faces pictured]
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