Tuesday, October 27, 2020
Friday, October 9, 2020
Thursday, October 1, 2020
The Dow has been an embarrassment for the United States. Unlike SPX, the Dow hasn't made a new high yet.
The index was performing poorly and so to try and juice the performance the Dow committee simply changed the composition of the index.
The Dow is price weighted in contrast to SPX which is market cap weighted. So of course what they did in their effort to juice the index was choose high price stocks to add.