Just the opposite.. but not anything an illiterate fool like u would acknowledge. The TRUTH :
The DOW’s High Record Numbers: What Does It Mean for Business OwnersNovember 19, 2019/in Culture War, Economy, Elections, News, Policy, Politics, Taxes/by Mike Abelson
The Dow Jones Industrial Average hits a record high at 182.24 points. This came after two of the world’s largest economies (U.S. and China) agreed to remove existing trade tariffs.
The Dow Jones Industrial Average, with 123 years of history, is a stock market index that measures the stock prices of the top 30 companies in the U.S. It is used by experts to assess the overall health of the stock market and the investors’ level of confidence in those companies.
The Dow average is calculated by adding all the stock prices of the companies in each index and dividing it by the number of companies.
For 2019, the top five companies that form Dow’s index are Microsoft, Apple, JPMorgan Chase & Co., Johnson & Johnson, and Walmart. Some experts still argue that the Dow is less representative of the broad stock market as it includes only 30 out of the 2,800 companies listed in the New York Stocks Exchange.
Just this year, the Dow Jones Industrial Average broke records three times. The first happened last June 11, when it hit 26,885. On July 3, The Dow hit another record, closing above 27,000. This was the time when President Trump announced that the administration would continue its negotiation with China to avert additional tariffs. And just last week, another record-breaking moment came when Dow’s numbers hit 27,492.63. This led to Dow’s year-to-date gain close to 18%.
But it’s not just the Dow that had their record-setting stock indices. Even the S&P 500 and Nasdaq Composite also finished theirs at the highest level on record. |
