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Current Dow Jones Industrial Average

By Edited Nov 13, 2013 0 0

With instability the curse on just about every county's economy these days, whether the debt crises, natural disasters, political unrest, or uncertainty about the United States heading into a double-dip recession, the current Dow Jones Industrial Average, which had a positive week, beginning at the opening bell Monday, September 12, 2011, and ending with the closing tick at 4PM EST Friday.

Each day in the past week saw the Dow Jones Industrial Average (DJIA) close on the positive side. One reason for the current optimism displayed as the blue chips comprising the DJIA are poised to turn the average positive for the year, is the easing fears concerning the debt crisis in Europe. In fact all of the major averages, including NASDAQ and the S&P, which had six percent and 5.3 percent gains, respectively, left Wall Street in a positive mood headed into the weekend.

However, consumer confidence is still at a gloom and doom low not seen since the mid 1980's. With investors still jumpy regarding the volatility in the markets and economic concerns overall making Wall Street seem it is still riding a never-ending roller coaster, consumers see a poor six-month period coming up. Some positive and confident statements from policy makers in Europe seemed to do a little to help. Procter and Gamble, the consumer goods company, led the DJIA with a respectable 2.5% percent gain with heavy trading putting the stock price near the high of $65 which has not been seen since June.

Predictably, the financial stocks were the drag on the Dow with the news that trading revenues for U.S. banks were down 18% in the second quarter compared with the first quarter. Analysts predict bank stocks will continue to slide as Bank of America was one of DJIA's worst performers on Friday.

Thrill seeking not being an objective that most investors with a long term outlook for their portfolio look to seek, the stand-by advice of having assets diversified with a piece of the pie in the DJIA blue chips, a slice in the technology strong NASDAQ, some quality corporate and government bonds, and even a little comfort cash rounding out one's portfolio still holds true with most advisers. Diversified consumer brands and stocks that pay dividends are advised by many financial planners at this time.

On Friday, September 15, 2011, the current Dow Jones Industrial Average closed at 11,509.09, a gain of 75.91 points. The fifty-two week range for the DJIA stretches from 10,529.70 to 12,928.50.



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