Dow Jones Industrial Average (DJIA), Dow-30 or informally Dow Jones or just “Dow”, is one of many stock indexes created by Charles Dow, editor of The Wall Street Journal during the 19th century and co-founder of Dow Jones & Company. The index measures the performance of the 30 largest public companies based in the United States. That is why is one of the most reviewed and followed up close. It is also the oldest index in the United States, apart from the Dow Jones Transportation Average, also created by Mr. Dow.
Although born with the “industrial” name, the fact is that nowadays not all components of the index are related to heavy industry due to the booming of the financial sector as well as new technological companies, etc.
To offset the effects of stock splits and other adjustments, the average is calculated relative to the scale size and importance of a company in relation to the market.
24th of December 2015
Most Latin American stock markets followed Wall Street on the awakening on green numbers for the main indexes as well as for the Dow Jones Industrial Average, its main benchmark, thanks to oil prices and the Christmas spirit have dyed green for a third day in New York stock exchange market. The future contracts have been starting to show that in the coming future the economy will return to the calm we are all waiting.
Future contracts are advanced indicators of the economy, making The Dow Jones Industrial Average, the main indicator of Wall Street, rise 1.05% to 17601.00 points, while the selective S&P 500 rose 1.24% and stood at 2064.26 during the same period of time, integers and the Nasdaq composite index (Nasdaq GS: NDAQ – news) progress scored 0.90% to end at 5045.93 points.
Future contracts also affect the price of crude oil. The price of crude oil has managed to overcome constant after weeks at minimum, spent three days driving rises on Wall Street, where the energy sector is reaping the biggest profits. As well as airline companies as American Airlines, whose profits are going to increase around a 30% only for the low fuel prices.
The US government reported Wednesday that US oil reserves fell last week by 5.9 million barrels from the previous and reached 484.8 million, close to the highest levels of the last 80 years. The US Department of Energy has said in its weekly report that oil imports reached on December 18 was an average of 7.3 million barrels a week, 986,000 barrels less than the previous week.
The Organization of Petroleum Exporting Countries (OPEC) today released a calculation that ensures that oil prices will begin to recover from the huge downs this year and rise to $ 80 in 2020 and 160 in 2040. These are only speculations, nobody has a crystal ball where find the answers to all those questions. As a result of that, the Texas oil (WTI) opened the day with a clear rebound and closed with $ 37.50. But maybe it also helped the optimistic Wall Street data on personal consumer spending released today by the US Department of Commerce that showed an increase of 0.3% from last November. Who knows.