Dow Jones average is set to close October as its best month since 1976. Details here


Dow Jones’s October gains come mainly from a higher weightage of high-performing energy and industrials stocks. The Nasdaq, in contrast, has suffered due to a below-par performance of tech stocks.

Nevertheless, DowJones is poised for higher gains, with energy companies hoping to maintain their growth. Meanwhile, traders eagerly wait for the Central Bankto fine-tune their Fed-rate hike plans so that large companies can close the year on a solid note.


What is the Dow Jones Industrial Average?
Popularly referred to as the Dow 30, the Dow Jones Average monitors the movement of the stock prices of 30 publicly-owned companies in the large sector on the New York Stock Exchangeand the Nasdaq.

What is the Dow divisor?
To bring uniformity in monitoring the stock price movement, the Dow divisor, a pre-determined constant, was created. The primary purpose of the divisor is to ensure that the value of the Dow remains consistent.

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