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| Some Definitions about Day-Trading / Part 4 |
| About INDICES ! |
| DOW JONES TRANSPORT Index (DJTA) |
Introduction
The Dow Jones Transportation Average (DJTA) is the most widely recognized gauge of the transportation sector. It is also the oldest index used today, even older
than its more famous brother, the Dow Jones Industrials (DJIA). The Transportation Average was the first stock index developed by Charles Dow in 1884. At inception,
the index held only nine stocks (all railroads). In 1896 it was modified to include 20 “active” stocks, including 18 railroads. (As you can probably guess, automotive
and airline stocks were not added to the index until much later.) The index is often referred to simply as the Dow Jones Transports.
Composition
The Dow Jones Transportation Average is composed of 20 stocks that are chosen to represent the transportation industry. Like other Dow Jones Averages, it is a
price-weighted index. This means that a firm's weighting in the index is determined by its share price, not by its market capitalization.
The table below lists the components of the Dow Jones Transportation Average along with the weighting that each stock carries in the average (data as of August
2004) :
The Dow Jones Transportation Average (DJTA) is the most widely recognized gauge of the transportation sector. It is also the oldest index used today, even older
than its more famous brother, the Dow Jones Industrials (DJIA). The Transportation Average was the first stock index developed by Charles Dow in 1884. At inception,
the index held only nine stocks (all railroads). In 1896 it was modified to include 20 “active” stocks, including 18 railroads. (As you can probably guess, automotive
and airline stocks were not added to the index until much later.) The index is often referred to simply as the Dow Jones Transports.
Composition
The Dow Jones Transportation Average is composed of 20 stocks that are chosen to represent the transportation industry. Like other Dow Jones Averages, it is a
price-weighted index. This means that a firm's weighting in the index is determined by its share price, not by its market capitalization.
The table below lists the components of the Dow Jones Transportation Average along with the weighting that each stock carries in the average (data as of August
2004) :
FedEx
Union Pacific
Exped.Intl.Washington
Ryder System
CH.Robinson
Yellow Roadway
CNF Inc
JB.Hunt Transport
Burlington Northern
USF Corp.
Union Pacific
Exped.Intl.Washington
Ryder System
CH.Robinson
Yellow Roadway
CNF Inc
JB.Hunt Transport
Burlington Northern
USF Corp.
FDX
UPS
UNP
EXPD
R
CHRW
YELL
CNF
JBHT
BNI
USFC
UPS
UNP
EXPD
R
CHRW
YELL
CNF
JBHT
BNI
USFC
Alexander & Baldwin
CSX Corp.
Norfolk Southern
GATX Corp.
Southwest Airlines
Continental Airlines
Northwest Airlines
AMR Corp.
Delta Air Lines
CSX Corp.
Norfolk Southern
GATX Corp.
Southwest Airlines
Continental Airlines
Northwest Airlines
AMR Corp.
Delta Air Lines
ALEX
CXS
NSC
GMT
LUV
CAL
NWAC
AMR
DAL
CXS
NSC
GMT
LUV
CAL
NWAC
AMR
DAL
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