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NEW YORK -- The Dow Jones industrial average swept past 12,000 for the first time Wednesday, extending its march into record territory as investors grow increasingly optimistic about corporate earnings and the economy. The index of 30 big-name stocks surpassed the milestone just after trading began, rising as high as 12,049.51, before pulling back and hovering around 12,000 as the market's initial wave of enthusiasm dissipated and investors cashed in some of their gains.
NEW YORK -- A bankruptcy filing by General Motors Corp. would not only send one of America's most storied automakers into further upheaval, it would also force a shake-up in the Dow Jones industrial average. Once a company files for bankruptcy protection, it is disqualified from being one of the 30 Dow components, said John Prestbo, editor and executive director of Dow Jones Indexes.
It's not as inclusive as the S&P 500 or the Nasdaq Composite Index. And it's not as specialized as the Russell 2000. But no index garners more publicity than the Dow Jones industrial average. When the stock market soars or plummets - as it has done in recent weeks - news organizations often record the fact by citing the Dow. A jagged line representing its gyrations is a common sight on television or in print.
NEW YORK After a plunge that took the Dow Jones industrial average down 800 points - its biggest drop ever during a trading day - ending with a loss of 370 didn't seem so bad.
NASHVILLE - Parents who began saving in 1993 for their newborn's college education might wish they had Warren Buffett as their investment adviser: That son or daughter who entered one of Tennessee's public universities this fall is paying tuition and mandatory fees that are 340 percent higher than in the year they were born. By comparison, the Dow Jones Industrial Average is up about 220 percent and the U.S. Consumer Price Index has risen 57 percent since 1993.
General Motors Corp. and Citigroup Inc., were removed from the Dow Jones Industrial Average and replaced by Cisco Systems Inc. and Travelers Cos. GM, which filed for bankruptcy protection today, and Citigroup, the recipient of $45 billion in taxpayer aid, became the first companies since September to leave the DJIA.
NEW YORK - The wildest week on Wall Street since the financial crisis in 2008 ended with a second day of gains. The Dow Jones industrial average finished Friday with a gain of
HowStuffWorks.com It has been hard to miss the news about the stock market for the past couple of weeks. The Dow Jones Industrial Average has been setting new record highs. Which begs the question: What is the Dow Jones Industrial Average?
A nerve-racking week punctuated by the biggest stock market plunge in three years has left investors with more questions than answers - and considerably less money in their portfolios. Is the plummet in the Dow Jones industrial average of 10 percent since late July a short-term blip or a precursor of what's to come? Will investors who didn't flinch, even during Thursday's 513-point drop, be rewarded for their perseverance or punished for not selling before the market gets worse? Most importantly, what should they do now?
The Dow Jones industrial average might not be the only place where the economy has sent numbers spiraling. Several high school golf coaches believe financial troubles are taking a divot out of the overall quality of play in the area.
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