Dow Jones Industrial Average Index Component Stock Listings
The
Dow Jones averages are unique in
that they are price weighted rather than market capitalization weighted.
Their component weightings are therefore affected only by changes in the
stocks' prices, in contrast with other indexes' weightings that are
affected by both price changes and changes in the number of shares
outstanding.
When the averages were initially created, their values were calculated by
simply adding up the component stocks' prices and
dividing by the number
of components. Later, the practice of adjusting the divisor was initiated
to smooth out the effects of stock splits and other corporate actions.
Dow Jones Industrial Average Components
| Symbol |
Company |
| MMM |
3M Co. |
| AA |
Alcoa Inc. |
| MO |
Altria Group Inc. |
| AXP |
American Express Co. |
| AIG |
American International Group Inc. |
| T |
AT&T Inc. |
| BA |
Boeing Co. |
| CAT |
Caterpillar Inc. |
| C |
Citigroup Inc. |
| KO |
Coca-Cola Co. |
| DD |
E.I. DuPont de Nemours & Co. |
| XOM |
Exxon Mobil Corp. |
| GE |
General Electric Co. |
| GM |
General Motors Corp. |
| HPQ |
Hewlett-Packard Co. |
| HD |
Home Depot Inc. |
| HON |
Honeywell International Inc. |
| INTC |
Intel Corp. |
| IBM |
International Business Machines Corp. |
| JNJ |
Johnson & Johnson |
| JPM |
JPMorgan Chase & Co. |
| MCD |
McDonald's Corp. |
| MRK |
Merck & Co. Inc. |
| MSFT |
Microsoft Corp. |
| PFE |
Pfizer Inc. |
| PG |
Procter & Gamble Co. |
| UTX |
United Technologies Corp. |
| VZ |
Verizon Communications Inc. |
| WMT |
Wal-Mart Stores Inc. |
| DIS |
Walt Disney Co. |
Dow Jones Index Information
The Dow Jones Industrial, Transportation
and Utilities Averages are maintained and reviewed by editors of
The Wall
Street Journal. For the sake of continuity, composition changes are rare,
and generally occur only after corporate acquisitions or other dramatic shifts
in a component's core business. When such an event necessitates that one
component be replaced, the entire index is reviewed. As a result, multiple
component changes are often implemented simultaneously.
While there are no rules for component selection, a stock typically is added
only if it has an excellent reputation, demonstrates sustained growth, is of
interest to a large number of investors and accurately represents the sector(s)
covered by the average.
Unlike the DJTA and DJUA, which include only transportation and utilities
stocks, the DJIA is not limited to traditionally defined industrial stocks.
Instead, the index serves as a measure of the
entire U.S. market, covering such
diverse industries as financial services, technology, retail, entertainment and
consumer goods.
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