The Dow is up, the Dow is down.. the daily news just wouldn’t be complete without a report about the open and close of this market index. However, there is no direct evidence that any information has actually been stolen or misused, Dow Jones CEO William Lewis said in a letter sent out to customers last week. Dow Jones believes there is no need for customers to change their passwords since the information is encrypted, but it’s unclear what type of encryption or hashing system has been used. E-mini Future traders trade the US indexes like the S&P500, Russell 2000 and Dow Jones.
Dow Jones customers concerned about their online account are advised to contact the company’s customer service department at 1-800-JOURNAL. Following the Dow Jones breach, I’m heartened that the CEO has publically said that no company is immune to cyberattacks. The crime syndicate, whose leader recently pleaded guilty in a US court to charges of conspiracy to commit wire fraud and unauthorized access of protected computers, is said to have stolen 10,000 login credentials from Dow Jones.
The chart is below and when you look at it you can see that it has been in a trading range since last October.. except for last week’s breach. I joined last May and have been trading live since August 08. My trading plan calls for me to make back the membership fee by Jan 09. But I have to stick strictly to the plan, of course! NT has a built-in chart but all TI moderators use E-Signal in their trading room and so do I for familiarity but it’s not required.
When Charles H. Dow first unveiled his industrial stock average on May 26, 1896, the stock market was not highly regarded. The Dow Jones Industrial Average played a role in bringing about this tremendous change. He compared his average to placing sticks in the beach sand to determine, wave after successive wave, whether the tide was coming in or going out. The mechanics of the first stock average were dictated by the necessity of computing it with paper and pencil: Add up the prices and divide by the number of stocks.
The average provided a convenient benchmark for comparing individual stocks to the course of the market, for comparing the market with other indicators of economic conditions, or simply for conversation at the corner of Wall and Broad Streets about the market’s direction. The utility average came along in 1929 (more than a quarter-century after Mr. Dow’s death at age 51 in 1902) and the railroad average was renamed the transportation average in 1970.