The Dow Jones Industrial Average (DJIA) is a value-weighted average of stock prices of 30 large U.S. firms.

Question

Quizplus · Accepted Answer

The statement is true. The DJIA is a common stock market index that tracks 30 large publicly owned companies based in the United States. It is value-weighted, meaning that companies with higher stock prices have a greater influence on the index's value than those with lower stock prices.

The Dow Jones Industrial Average (DJIA) Is a Value-Weighted Average