Dow Jones trades above 37,000 for the first time ever
The US stock market index, the Dow Jones, is trading above 37 000 for the first time ever. This is the first time this index has closed above 37,000. This index thus recorded a new all-time high.
The Dow Jones Industrial Average (DJIA), also known as the Dow Jones Index, is an American stock index developed by journalists Charles Dow (1851-1902) and Edward Jones (1856-1920). The Dow Jones Industrial Average was first published on May 26, 1896 and is the oldest US stock index still published. None of the original industrial companies remain in the index.
Although the DJIA is one of the oldest and most popular stock indices, many professionals believe that the Dow Jones does not adequately reflect the overall US stock market compared to broader market indices such as the S&P 500 or the Russell 2000 index.
Source: Vikingen.se
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