Dow Jones Composite Average
The Dow Jones Composite Average is a stock index of 65 of the major listed companies in the United States. It covers all public companies in the Dow Jones Industrial Average, the Dow Jones Transportation Average and the Dow Jones Utility Average.
Calculation
The Dow Jones Composite Average is a price index of 65 of the largest U.S. companies on the New York Stock Exchange ( NYSE) and NASDAQ. It includes the 30 industrial stocks in the Dow Jones Industrial Average, the. Transport 20 companies in the Dow Jones Transportation Average and the 15 utility companies in the Dow Jones Utility Average It is calculated without dividends, subscription rights and special distributions, that is, it is a price-weighted index. The Index will be determined solely on the basis of share prices and adjusted only to income from subscription rights and special. In case of stock splits and share consolidations, the index is adjusted by correction factors.
The calculation is based on the summation of the individual share prices and the subsequent division by the number of shares in the index. The number of shares in free float is not considered. The inclusion of companies in the Dow Jones Composite Average Index and exclusions does not follow fixed rules, but subject to the discretion of the publisher of The Wall Street Journal. The calculation is during NYSE trading hours 9:30 to 16:00 local time ( 15:30 to 22:00 CET) updated every second.
History
The index is calculated from the publisher Dow Jones since 1934. A milestone in the development of the Dow Jones Composite Average was September 22, 1983, when the index with 501.22 points for the first time finished trading above the 500 -point mark. On July 19, 1989, he graduated with 1001.05 points for the first time surpassed the mark of 1,000 points. The mark of 2,000 points overcame the index for the first time on 15 November 1996 with a closing level of 2000.92 points.
The Dow Jones Composite Average also marked in the following years further record highs. On March 11, 1999, he graduated with 3009.54 points for the first time over the 3,000 -point mark. A high point was marked by the index on 21 May 2001 with a closing level of 3392.23 points. Had the bursting of the speculative bubble in the technology sector ( dotcom bubble ) also impact on the Dow Jones Composite Average. He he fell to a low of 2033.44 points to 9 October 2002. This was compared to May 2001, a decline of 40.1 percent.
The October 9, 2002 marks the end of the descent. From the autumn of 2002, the index began to rise again. On 29 December 2003 on April 16, 2002, he graduated with 3008.18 points for the first time over the 3,000 -point mark. The mark of 4,000 points overcame the index for the first time on 5 May 2006, when he graduated with 4002.62 points. On 19 July 2007, the Dow Jones Composite Average with a closing level of 4731.10 points, an all time high.
In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the index began to fall again. On 24 October 2008 since 23 August 2004, he graduated with 2964.87 points for the first time below the limit of 3,000 points. At the lowest level since March 14, 2003, the Dow Jones Composite Average fell on March 9, 2009, when he finished trading with 2195.30 points. Since the all-time high of 19 July 2007, this represents a decrease of 53.6 percent.
The March 9, 2009 marked the end of the descent. From the spring of 2009, the stock market index has again recovered strongly. Up to July 7, 2011, he rose by 101.4 percent to a closing level of 4420.67 points.
Composition
The Dow Jones Composite Average consists of the following 65 values (status: July 5, 2013).