"However high you rise is how far you can fall" - Marc Healy, feeling all "motivational" and stuff.
The Dow Jones Industrial average is a stock market index of 30 stocks that are meant to be representative of the market as a whole. When people refer to "blue chip" stocks, they are referring to those that are included in the Dow.
These milestones are statistically meaningless, but they have a lot to do with consumer (investor) confidence, just as people are more likely to buy something that is priced at 2.99 than if it is listed at 3.00. When the Dow hits an increment of thousands, people get exuberant, and it's big news.
http://www.npr.org/blogs/thetwo-way/2013/05/07/181997704/dow-jones-closes-above-15-000-for-first-time?sc=nl&cc=brk-20130507-1620
The Dow Jones Industrial average is a stock market index of 30 stocks that are meant to be representative of the market as a whole. When people refer to "blue chip" stocks, they are referring to those that are included in the Dow.
These milestones are statistically meaningless, but they have a lot to do with consumer (investor) confidence, just as people are more likely to buy something that is priced at 2.99 than if it is listed at 3.00. When the Dow hits an increment of thousands, people get exuberant, and it's big news.
http://www.npr.org/blogs/thetwo-way/2013/05/07/181997704/dow-jones-closes-above-15-000-for-first-time?sc=nl&cc=brk-20130507-1620
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