Chart of the week: ignore the chatter about the Dow Jones index

There was a lot of hoo-ha about the Dow Jones index’s jump above the 22,000 mark. But being weighted by share price rather than market capitalisation means it is not particularly useful index to follow.

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There was a lot of hoo-ha about the Dow Jones index's jump above the 22,000 mark. Yet the Dow "is a meaningless index", as the FT's John Authers points out. It is weighted by share price rather than market capitalisation, leading to "absurd distortions".

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