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What is a Dow Jones on the market?


Question Posted Thursday October 9 2008, 11:50 pm

Ok, so you all know how on the news it will say something like:
Gold is up $2.00
Oil is down $0.50

and stuff like that, well I was wondering what is "Dow Jones" because I see that on the news and I don't know anyone who knows what Dow Jones are...


[ Answer this question ]
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theymos answered Friday October 10 2008, 5:26 pm:
The Dow Jones Industrial Average is based on the average stock price of 30 companies considered representative of the market. Generally, if the Dow goes up, everyone makes money. If it goes down, everyone loses money.

The NASDAQ Composite and the S&P 500 are similar.

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