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The Dow Jones Industrial Average (DJIA), often just called the Dow, is one of the oldest and most widely followed stock market indexes in the world. It tracks the performance of 30 large, publicly traded companies in the United States across a range of industries, excluding transportation and utilities. Created in 1896 by Charles Dow, the index is price-weighted, meaning companies with higher share prices have a greater influence on the index’s movement.

The Dow is commonly used as a barometer of the overall health of the U.S. stock market and economy, though it doesn’t represent the entire market since it only includes 30 companies. Movements in the Dow often make headlines as an indicator of investor sentiment and market trends.