Archive for July 20th, 2010

Oops! The Wall Street Journal Forgets How the Dow Jones Industrial Average Is Calculated

Tuesday, July 20th, 2010
Oops! The Wall Street Journal Forgets How the Dow Jones Industrial Average Is Calculated

The weekend edition of The Wall Street Journal carried the headline: “BofA Drives Dow Drop” (July 17-18, by Donna Kardos Yesalavich, page B-11). The problem is that Bank of America, in spite of its 9.2% Friday decline, is too small to have much effect on the Dow Jones Industrial Average (DJIA). Too small? Yes,... »

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