Live updating djia
Japanese debt gained and the yen declined after the Bank of Japan intervened to stem the rise in rates. The Stoxx Europe 600 Index decreased 1.4%, wiping out gains this year with its fifth consecutive decline. Germany’s DAX Index sank 1.7%, the most since June. Emerging market stocks lost 1.6%, for a weekly drop of 3.5%, the most since May 2016. Topix index fell 0.3%, Hong Kong’s Hang Seng Index dropped 0.1%, the Kospi index declined 1.7%, Australia’s S&P/ASX 200 Index rose 0.5%. The Japanese yen fell 0.7% to 110.144 per dollar, the weakest since Jan. The yield on 10-year Treasuries rose five basis points to 2.834%. Germany’s 10-year yield rose five basis points to 0.77%, the highest in more than two years.These are the main moves in markets: The S&P 500 Index fell 2.1% to 2,761.91 at 4 p.m. The Dow Jones Industrial Average lost 668.64 points to close at 25,518.07, the lowest since Jan. The Bloomberg Dollar Spot Index gained 0.8%, the largest rise in more than 10 weeks. Japan’s 10-year yield dipped one basis point to 0.086%.The Dow typically makes changes when a company experiences financial distress and becomes less representative of the economy, or when a broader economic shift occurs and a change needs to be made to reflect it. This means stocks with higher share prices are given a greater weight in the index.At the Dow's inception, Charles Dow calculated the average by adding the prices of the 12 Dow component stocks and dividing by 12.Two years later, in 1999, four more components of the Dow were changed.The most recent change took place on March 19, 2015, when Apple, Inc. The table below alphabetically lists the companies included in the DJIA.
In its first few years until roughly the Great Depression, there were many changes to its components.When the TV networks say "the market is up today," they are generally referring to the Dow. When the index launched, it included just 12 companies that were almost purely industrial in nature.Named after the index's founder Charles Dow and his business partner Edward Jones, the Dow Jones Industrial Average was designed to serve as a proxy for the broader U. The first components operated in railroads, cotton, gas, sugar, tobacco and oil.The Dow Jones Industrial Average tumbled 665 points in the biggest plunge since June 2016, as the worsening bond rout stirred angst that the Federal Reserve will accelerate its rate-hike schedule.Solid jobs data that underscored the strength of the economy sent bond bulls scurrying and rattled equity investors who haven’t seen a week this bad in two years.