Dow-Jones Industrial Average
- noun
- /daʊ ˈdʒoʊnz ɪnˈdʌstriəl ˈævərɪdʒ/
- On Wall Street today, the Dow-Jones Industrial Average gained 28 points to close at 16,943.
- Dow-Jones Industrial Average gained points
- Dow-Jones Industrial Average gained
- Dow-Jones Industrial Average lost
Examples
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"For all we knew, they were discussing the Dow-Jones industrial average, but Mom's intervention worked.
Fiction book (2000) -
In 1996, for example, President Bill Clinton saw a landslide win after the stock market, as measured by the Dow Jones Industrial Average, surged 63.8 percent in the three years ahead of the election.
Blog text (29) -
On Wall Street today, the Dow-Jones Industrial Average gained 13 points to close above 18,300.
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And on Wall Street, the Dow-Jones Industrial Average lost 49 points to close at 15,401.
Synonyms
A number showing the average price of stocks in 30 large US companies
A number showing how the stock prices of 30 large US companies are doing
A number that shows how a group of stocks is doing
A number that shows how prices of selected stocks change over time
Surface Forms
Morphology
Dow-Jones + industrial + average
The phrase includes a proper-name component 'Dow-Jones' (not derivable from general vocabulary) and the collocation 'industrial average' does not transparently indicate a stock-market index measuring 30 firms. This is a specialized, conventionalized financial term whose specific meaning (a market index) cannot be predicted by a B1 learner who only knows the constituent words.
Etymology
Dow-Jones Industrial Average comes from the two men Dow and Jones, who long ago made a simple 'score' by adding the prices of many big companies and finding an average. Imagine them every day writing numbers and watching the average go up or down — that simple number became a quick way to 'measure' overall market health.