The Dow Jones Industrial Average (DJIA) is a stock market index that tracks the performance of the largest companies on the market. Most of these companies are listed on the NASDAQ and NYSE stock exchanges.
The start of the year, as we remember, was not a smooth one. The reason was the fact that the Dow Jones Industrial Average dropped 12% during the last three months of 2018.
Besides, the Dow Jones Industrial Average is up 15% so far in 2019. However, this is a massive contrast from the results of the last year. 2018 was a terrible and rough year for stock investors. Even though there were some dips along the way, and it has not been an easy year for investors with the ongoing China/US trade war. Overall, 2019 has so far been a good year for the Dow Jones Industrial Average.
Procter & Gamble (PG), Apple (AAPL), Home Depot (HD), Microsoft (MSFT), and Visa (V) are the top five Dow Jones stocks year to date.
The Dow was able to gain 22% at the beginning of the year, for now, it is trading at 17.7 times, and is no longer a “bargain. However, during the last three months of 2018, and had a valuation of 13.5 times 12-month forward earnings. Besides, Wall Street closed near the flatline in a shortened session on Tuesday, ahead of the Christmas holiday. The Dow Jones lost 36 points or 0.1% to 28515, and the S&P 500 closed nearly flat at 3223.
Let’s hope that 2020 will maximize averaged index value for every single month, throughout the year!
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