Wawan M 
The Dow Jones Industrial Average (DJIA) is a stock market index that tracks 30 large, publicly owned blue-chip companies trading on the New York Stock Exchange (NYSE) and Nasdaq. The Dow Jones is named after Charles Dow, who created the index in 1896 with his business partner, Edward Jones. Also referred to as the Dow 30, the index is considered a gauge of the broader U.S. economy. Small-cap stocks saw outsized gains on Friday and over the course of the trading week. Super Micro Computer moved How to buy illuvium around 11% higher in afternoon trading, bringing its week-to-date gains to more than 77%. That puts the stock on pace for its biggest weekly gain on record.
The factor is changed whenever a constituent company undergoes a stock split so that the value of the index is unaffected by the stock split. Markets regrouped after Nvidia’s (NVDA) earnings fell short of definitively settling the question of whether AI would keep boosting stocks. Some of the “Magnificent Seven” tech megacap stocks closed lower on Friday, including Alphabet (GOOG, GOOGL), dogged by the potential forced sale of Google Chrome.
Analyst Tom Nikic opened coverage at a buy rating and added the stock to the firm’s “conviction list.” Nikic’s $218 price target implies shares can rally nearly 20% from where the stock closed Thursday. While tech struggled, bitcoin neared the long-awaited milestone of $100,000. Small-cap stocks also showed strength this week, with the Russell 2000 climbing 1.8% in Friday’s session to finish the week up by roughly 4.5%. The Dow Jones Industrial Average closed at a new record on Friday, capping off a winning week for stocks. On March 29, 1999, the average closed at 10,006.78, its first close above 10,000.
Donald Trump to tap Scott Bessent for Treasury secretary, ending fierce battle for key job: sources
“Drivers continue to be the traditional end-of-election-year rally, in which all sizes, styles, and sectors within the S&P 1500 rose in price.” The DJIA launched in 1896 with just 12 companies, primarily in the industrial sector. They included railroads, cotton, gas, sugar, tobacco, and oil.
About Dow Jones Industrial Average Index
“Still, investors should not lose sight of potential risks in 2025, including around the product transition and tariff-related uncertainties.” “DECK is one of the highest-quality companies in our coverage,” Nikic wrote to clients in a Friday note. It has “an impressive multi-year track record of performance, two of the strongest brands in the industry (Hoka and UGG), a stellar management team, and a A Contribution to the SCF Literature fortress balance sheet.” “By our lights, it will be difficult for the consumer to replicate its strong positive trend line as growth in wages and savings anniversary,” CEO Nicholas Bohnsack wrote in a research note on Thursday. “The stock market is living up to its historical dynamic of seasonal strength in November,” Schein said.
Super Micro on track for best week ever
Gallagher said he “can have more of an impact on financial markets from Robinhood in some ways than I could even if I went back into the SEC.” On the other hand, Booking Holdings was among a handful of stocks restricting gains. The online travel booking platform slid around 0.7% in the session, making it the worst performer in the ETF. The small cap-focused how to use the accumulation distribution indicator Russell 2000 added about 1.7% in Friday’s session. The move puts the stock on pace for its best day since June 10, when it gained more than 24%. The stock has also seen massive gains in 2024, soaring more than 229% year to date.
Intuit fell 5.7% after the TurboTax parent projected second-quarter revenue and profit below Wall Street estimates on Thursday. The markets are also awaiting Trump’s Treasury Secretary pick. “I’ve been looking for this leadership change to go from technology to everything else. Small caps are acting much better, values are acting better,” said Mark Hackett, Chief of Investment Research at Nationwide. AI bellwether Nvidia also slipped 3.2% in choppy trading following its quarterly forecast on Wednesday.
Bitcoin rises above $99,000 as token flirts with major milestone
This also means that stock splits can impact the index, while they would not for a market cap-weighted index. The Dow is not calculated using a weighted arithmetic average and doesn’t represent its component companies’ market cap, unlike the S&P 500. Rather, it reflects the sum of the price of one share of stock for all the components, divided by the divisor.
Individuals can invest in the Dow, which would mean gaining exposure to all of the companies listed in it, through exchange-traded funds (ETFs), such as the SPDR Dow Jones Industrial Average ETF (DIA). The Dow Jones Industrial Average (DJIA) tracks thirty of America’s biggest and most established companies, acting like a quick temperature check of the U.S. economy. Shares of Gap climbed 15% after the company beat estimates on the top and bottom lines and raised its full-year sales guidance. Ross Stores shares popped 7% after the company reported earnings per share of $1.48, ahead of the $1.40 projected by analysts, according to LSEG. “If our base case expectation comes to fruition (commercial ITC remains; homeowner ITC repealed), we’d expect a volatile resi solar market moving forward.” Analyst Kashy Harrison lowered her rating on the struggling solar panel and battery storage company to neutral from overweight.
- Many critics believe the S&P 500 better represents the economy as it includes significantly more companies.
- For instance, a company may be removed from the index when its market capitalization drops because of financial distress.
- In this manner, a company with a higher stock price but a smaller market cap would have more weight than a company with a smaller stock price but a larger market cap, which would poorly reflect the true size of a company.
- That marks a turn from last week, when Wall Street’s postelection rally stalled.
- Constellation Energy too is up more than 10% WTD, pacing to break a four-week losing streak.
Texas Pacific Land, based in West Texas, has a market cap of around $35 billion. The indexes measure the percentage of companies reporting growth, so anything above 50 represents expansion. The dollar index advanced to its highest level in roughly two years on Friday and was on pace for its eighth straight gain. Bitcoin inched to a new record Friday as investors waited with bated breath for it to hit $100,000.
