Holy cow the Dow Jones Industrial Average ...

[RossMAN]

closed at 9,240.86, up 188.42 (2.08%)!

I wonder how long until it breaks 10,000 again?

Dumb question. My 401k is vested partly in the S&P 500, if the DJIA goes up does the S&P usually follow suit?

Dow 9240.86 +188.42 (+2.08%)
Nasdaq 1626.26 +56.07 (+3.57%)
S&P 500 1080.18 +23.43 (+2.22%)
10-Yr Bond 4.589% +0.015
NYSE Volume 1,307,120,000
Nasdaq Volume 1,854,431,000

Yahoo! Finance

 

[Aves]

<< if the DJIA goes up does the S&P usually follow suit? >>

Typically so.

 

[Nutdotnet]

AWESOME!!!

 

[Logix]

<< if the DJIA goes up does the S&P usually follow suit? >>

I would think so. It always seems to be that way.

 

[RossMAN]

So would the DJIA ever go up 80 points but the S&P nose dives 10 points?

 

[burnedout]

if the DJIA goes up does the S&P usually follow suit?

It has an effect on it due to the fact that all 30 companies which comprise the DJIA are part of the S&P 500.

However,

This tells link you about today's performance for the S&P 500

Don't worry about the sprints while running the marathon.

 

[glen]

I am shocked so many people thought either we wouldn't recover. or that it would take over a few months.

 

[StageLeft]

Well we ain't recovered all the way yet, but I think its time to start chukling at the people who sold that week...

 

[mithrandir2001]

Generally, yes, they move in step over time. Day-to-day, no, because the Dow Industrials is composed of 30 stocks, whereas the S&P 500 index is composed of, well, 500 stocks. The Dow is a little more volatile because if 1 stock sees a jolt, it moves the whole index whereas the S&P index is so large, one (or even five) stocks won't do much.

I don't really watch the Dow, though, because I consider it irrelevant. Large indexes are more interesting.

 

[Aves]

<< So would the DJIA ever go up 80 points but the S&P nose dives 10 points? >>



Since the DJIA is only made up of 30 stocks and the S&P 500 is made up of 500 it's quite possible that one could go up and the other down, but it doesn't really happen often. If I'm not mistaken the S&P stocks are weighted in such away that would cause it to follow the DJ.

 

[burnedout]

I don't really watch the Dow, though, because I consider it irrelevant. Large indexes are more interesting.

When ever you have time, take a look at the "Dogs of the Dow" strategies. I too was an S&P 500 fan until a closer examination of the DJIA prompted a change in thinking.

 

[uncouth]

go market go market go go go