The Dow - A Summary

So, what have we learned about the Dow Jones Industrial Average?

• It is the oldest and most-quoted average.
• It contains only 30 stocks.
• It is price-weighted, which skews the average.
• It is not a reliable indicator of the market averages.
• And, most important for investors, it simply is not that important.

Don't get caught up in the CNBC hype!