DJIA is not taken very seriously outside of mainstream media it seems. The news loves to quote big drops or increases to the DJIA due to the index being price weighted. “Wow the news is saying the DJIA dropped 1000 points today! That’s huge.” Nah, that’s like 2%
This seems like another media opportunity about a nothing burger event for an index that has lost relevance, when other indices like the S&P 500 and QQQ have already incorporated NVIDIA a while ago. They’re just playing catch up.
This seems like another media opportunity about a nothing burger event for an index that has lost relevance, when other indices like the S&P 500 and QQQ have already incorporated NVIDIA a while ago. They’re just playing catch up.