Intel was added to the dow in 1999, the year nvda went IPO!!!

Discussion in 'Trading' started by S2007S, Nov 2, 2024.

  1. vanzandt

    vanzandt

    Huh?

    Its percentage has nothing to do with it. The DOW is price weighted. If NVDA doubles (+136), that will be good for about 950 DOW points.

    If UNH ($535) goes up 136 points, the DOW gains the same 950 points.
     
    #11     Nov 4, 2024
  2. S2007S

    S2007S



    Is there a daily list on each closing stock of each day to see the weighted closing performance?
     
    #12     Nov 4, 2024
  3. Businessman

    Businessman

    Of course it does. If UNH doubles it will add 10% to the DOW while NVIDIA will only add 2.5% if it doubles.
    And a 50% crash in UNH will take the Dow down 5% vs 1.25%.

    The effect is more pronounced on the down side. Because NVIDA can't fall more than 136 points from current levels, while UNH can fall much more than that.
     
    Last edited: Nov 4, 2024
    #13     Nov 4, 2024