Dow Jones 65 Composite Average

A composite index that measures changes within the 65 companies that make up three Dow Jones averages: the 30 stocks that form the Dow Jones Industrial Average (DJIA), the 20 stocks that make up the Dow Jones Transportation Average (DJTA) and the 15 stocks of the Dow Jones Utility Average (DJUA). The Dow Jones 65 Composite, like the three sub-indexes, is price-weighted.


All of the Dow Jones averages are price-weighted indexes. For this type of index, stocks with higher prices will influence the direction of the average more than lower prices, regardless of the actual size of the company. Most broad market indexes are market-cap weighted, such as the Nasdaq-100 and Standard & Poor's 500.

The combination of the Dow Jones Industrial, Transportation and Utility averages used to be a broad measure of the U.S. economy, as those sectors were once the lion's share of economic production. This is no longer the case, as industries such as healthcare, technology and finance now include some of the largest companies in the world. While the DJIA has, in recent years, included some modern companies in its "industrial" average (such as Microsoft and Intel), most of the Dow Jones 65 stocks are focused in old-line businesses, and do not appear to represent a broad measure of economic performance.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Dow Jones Index — /daυ dʒəυnz ˌɪndeks/ noun any of several indices published by the Dow Jones Co., based on prices on the New York Stock Exchange. COMMENT: The main index is the Dow Jones Industrial Average (see below). Other Dow Jones indexes are the Dow Jones 20 …   Dictionary of banking and finance

  • Dow Jones Composite Average — Stammdaten Staat Vereinigte Staaten Börse New York Stock Exchange ISIN XC0009694198 WK …   Deutsch Wikipedia

  • Dow Jones Industrial Average — Stammdaten Staat Vereinigte Staaten Börse New York Stock Exchange ISIN US2605661048 W …   Deutsch Wikipedia

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  • Dow Jones Transportation Average — Stammdaten Staat Vereinigte Staaten Börse New York Stock Exchange ISIN XC0009694214 …   Deutsch Wikipedia

  • Dow Jones Average — /dow/, Trademark. any of the indexes published by Dow Jones & Company, a financial publishing firm in New York City, showing the average closing prices of the representative common stocks of 30 industrials, 20 transportation companies, or 15… …   Universalium

  • Dow Jones Utility Average — Stammdaten Staat Vereinigte Staaten Börse New York Stock Exchange ISIN XC0009694222 WKN …   Deutsch Wikipedia

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