INDU
INDU stands for the Industrial Average, which is a stock market index that tracks the performance of 30 large, publicly-traded companies in the United States. It is one of the most widely followed indices in the world and is often used as a benchmark for the overall performance of the U.S. stock market. The index is calculated by taking the average of the prices of the 30 stocks that make up the index. The stocks are chosen based on their market capitalization, liquidity, and sector representation.
History of INDU
The INDU was first created in 1896 by Charles Dow, the founder of Dow Jones & Company. It was originally composed of 12 stocks, but was later expanded to 30 stocks in 1928. The index was initially called the Dow Jones Industrial Average, but was later shortened to INDU. The index has been used as a benchmark for the U.S. stock market ever since.
Comparison of INDU to Other Indices
| Index | Number of Stocks | Weighting Method |
|---|---|---|
| INDU | 30 | Market Capitalization |
| S&P 500 | 500 | Market Capitalization |
| NASDAQ Composite | Over 3,000 | Market Capitalization |
Summary
INDU is a stock market index that tracks the performance of 30 large, publicly-traded companies in the United States. It is one of the most widely followed indices in the world and is often used as a benchmark for the overall performance of the U.S. stock market. The index is calculated by taking the average of the prices of the 30 stocks that make up the index. For more information about INDU, you can visit the websites of Dow Jones & Company, the S&P 500, and the NASDAQ Composite.
See Also
- Dow Jones & Company
- S&P 500
- NASDAQ Composite
- Market Capitalization
- Liquidity
- Sector Representation
- Stock Market Index
- Stock Market Performance
- Charles Dow
- Stock Prices
