The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

DOW JONES INDUSTRIAL AVERAGE (DJIA) Definition & Legal Meaning

Definition & Citations:

A BENCHMARK priceweighted index of the US stock market, comprised of 30 LARGE CAP STOCKS representing the industrial sector; the index is rebalanced periodically as industries and corporate leadership change. The DJIA, which is the oldest and most widely quoted US index, can be traded directly through EXCHANGETRADED FUNDS and DERIVATIVES.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.