Calculating the Dow Jones Industrial Average (DJIA)

Since there is some confusion, I've written a short article entitled "Calculating the Dow Jones Industrial Average (DJIA)".

In short, add up the "last trade" prices of the 30 Dow Industrials stocks and then divide by "the divisor" (0.13532775). Stocks in the DJIA are not "market cap weighted" or weighted in any way that depends on the individual stock. A $1 change in any Dow stock has the same effect on the "average", whether it is a $100 stock or a $25 stock. It's very democratic in that sense.

-- Jack Krupansky