[Paladin2]

What does Walgreens have to do with Industrial?

The Dow is a joke.

[From The Deer Stand]

I agree. How can the Dow be an indicator when it keeps changing over the years?

[Moonman62]

The Dow Jones Industrial Average® (The Dow®), is a price-weighted measure of 30 U.S. blue-chip companies. The index covers all industries except transportation and utilities.

...

Your lack of knowledge is a joke.

[x]

The Dow started with a Railroad index, now the Dow Jones Transportation Average.

Then they came up with the Industrials Average, which is supposed to give a general picture of how the economy is doing.

Companies like Walgreens, McDonald's, Home Depot, American Express, and Travelers Insurance are thought to give as good a picture of the market's condition as companies like Apple, 3M, Microsoft, IBM, Procter and Gamble, Nike, and Boeing that actually make things.

If there's a problem, it's more with the economy than with the Dow. Like they say, we don't make things anymore. There are no car or steel companies in the Dow Industrials. Still, the economy is doing well, in spite of the weakness of heavy industry.

[skimbell]

Has been for years.

You want Dow 30,000?

Give me a day or two and we'll have it.