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Article: Dow Jones & Co. is still a bear magnet.(the Dow Jones Industrial Average is still the world's leading indicator of financial information, although many are questioning its stock selection )(Brief Article)
- Article from:
- U.S. News & World Report
- Article date:
- March 29, 1999
- Author:
CopyrightCOPYRIGHT 1999 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In an ever expanding universe of stock market indexes, no single benchmark is better known than the Dow Jones industrial average. So when the widely watched barometer traversed the 10,000 mark for the first time last Tuesday, media outlets around the globe trumpeted the news. Even London's Financial Times archrival to the Wall Street Journal, Dow Jones & Co.'s flagship publication splashed it across the front page. "It's not a very good index," sniffs FT editor-in-chief Richard Lambert. "But for many people throughout the world, the Dow is the U.S. stock market."
Given such prominence, what exactly is DJIA, the index, worth to Dow Jones, the company? In terms of ...