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What does DJIA mean?

Looking for the meaning or definition of the word DJIA? Here's what it means.

Initialism
  1. Dow Jones Industrial Average
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The DJIA is maintained and reviewed by the editors of The Wall Street Journal, which is published by Dow Jones.
The DJIA is composed of just 30 stocks and is price-weighted, so dearer shares count for more.
Amid the celebrations, some questioned why the DJIA continues to be viewed as the benchmark stockmarket barometer considering it is an average of only 30 share prices that ignores the market value of a company.
The 30 stocks now in the DJIA are all major factors in their industries, and their stocks are widely held by individuals and institutional investors.
Furthermore, because there is a committee perpetually tinkering with the DJIA's components, you can rest assured that the DJIA is made up of good, solid companies.
The stock market hit bottom for the year on November 20, with the DJIA settling at just over half of its record level of a year earlier.

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