Stock Market crash worries are leading investors to interesting places to keep their money. Adjustments over the years have made calculating the Dow a little trickier than simply taking the 30 companies’ share prices and taking a true average, but once you take into account the Dow divisor, it becomes clear just how important share prices are for the Dow. Some argue that not using market cap makes the Dow a flawed index, but in reality, the Dow has moved in similar fashion to other indexes over time.
For instance, several megacap companies in the Dow have share prices between $20 and $50, and they have a lot less weight than the companies that have share prices above $100. Despite its quirks, the Dow does well in serving as the most visible indicator of the strength of the U.S. stock market. The Dow Jones Industrial Average consisted entirely of industrial stocks, as it was published for the first time,” noted S&P’s Howard Silverblatt. The original company, after merging with Peoples Gas, was dropped from the Dow in 1915.
SAN FRANCISCO – Russian hackers penetrated servers at Dow Jones & Co. to steal information to make trades, Bloomberg reported Friday. The Dow Jones Industrial Average soared 619 points (3.95%) to close at 16,285, as concerns about China gave way to bargain hunters piling into the market as an an influential Federal Reserve policymaker said it was unlikely that interest rates will rise in September, as had been widely expected.
While Dow Jones & Co is reporting the information has been possibly compromised, they are also reporting that no evidence is pointing toward the information actually being used in authorized manners. Combining Arachnys’ D3 workflow and process technology with access to Dow Jones’ decision-ready intelligence and risk and compliance data provides a complete end-to-end solution for the collection of risk relevant data on companies, individuals, court documents, sanctions, adverse media coverage and a wide range of other information. By adding Dow Jones’ premium global business news and data to Arachnys D3 technology, KYC and EDD checks become deeper, safer and more agile.” Buxton continued.
Our collaboration with Dow Jones is yet another example of Arachnys’ ongoing commitment towards improving standards across the global compliance industry.” said David Buxton, Arachnys CEO and co-founder. In the end, the Dow Jones lost 3.1%, the S&P 500 Index lost 3.2%, the Nasdaq Composite lost 3.5% and the Russell 2000 lost 1.2%. The S&P 500 lost critical technical support at the 200-day moving average and the $2,000 level — putting its post-2011 uptrend in jeopardy.