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 S&P 500?45 Views
finance a la shmoop. what is the S&P 500? well the S&P 500 is just an index- that
is the standard and poors company assembled 500 stocks put them on a
spreadsheet- this was a spreadsheet in 1957 -and they tracked them. [spreadsheet pictured]
well the index had something like 37 shares of Procter & Gamble, the 23 shares
of Ford, 18 shares of IBM and so on. in the 1950s the S&P 500 totaled something
like 40 maybe 50 bucks on a good day. at the end of each day the elves who worked
inside of the S&P Factory, they would add up the shares basically ignore any
dividends and send to the press a total which was published to more or less
everyone who cared about investing. well not nearly even a century later the 40 [man reads newspaper]
to $50 reign to the SNP is today knock on the door of 2,500 .so without even
having dividends reinvested you'd have made 50 times your money with dividends
reinvested to buy more shares instead of keeping the cash to buy you know
groceries or electric massage slippers. you'd have made over 70 times your [grocery display case and slippers pictured]
original investment. welcome to America.
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