Dow Jones Zaniness – UnitedHealth The King Of All Stocks

The latest trading week ended on a very sour note, given that the average stock in the broad-based Russell 3000 index declined 1.2% on Friday, even as the Dow Jones Industrial Average managed to close higher by 114 points, or 0.3%.

I suspect that many are aware that unlike most other market indexes, the Dow is price-weighted, meaning that the highest-priced stocks like Microsoft
MSFT
and Home Depot have a very large impact and lower-priced stocks like Walgreens Boots, Intel
INTC
, Verizon Communications
VZ
and Cisco Systems
CSCO
are more or less insignificant in that they combined account for less than 3% of the 30-member benchmark.