Definition of the Dow Jones Index noun from the Oxford Advanced Learner's Dictionary


the Dow Jones Index

BrE BrE//ˌdaʊ ˈdʒəʊnz ɪndeks//
; NAmE NAmE//ˌdaʊ ˈdʒoʊnz ɪndeks//
(also Dow Jones average, the Dow)[singular] Economy
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a list of the share prices of 30 US industrial companies that can be used to compare the prices to previous levels See related entries: Economy Culture The Dow Jones Index is produced on each day of trade by the New York Stock Exchange. Several different numbers are produced and each represents the total average price of the shares of certain specific companies. The Dow began in 1884 and is used to measure the strength of the US stock market. The numbers are in points, not dollars. Four separate averages are given, and the most important is the Dow-Jones Industrial Average, based on 30 major companies. compare Financial Times Indices
See the Oxford Advanced American Dictionary entry: the Dow Jones Index