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Why Dow isn't really the stock market

To measure the entire US market, many academics and investors prefer CRSP US Total Market Index, which is trailing both Dow and S&P 500

The Dow Jones Industrial Average, which was created more than a century ago, is the best-known measuring stick for the US stock market. For many, it is synonymous with the stock market, although only 30 stocks are included in the index.

DESPITE a few rocky days recently, the US stock market is having a great year. But exactly how great depends on what you mean by "the stock market".

Are you talking about the Dow Jones Industrial Average, the oldest and best-known measuring stick for the American stock market? If so, that...

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