Wall Street

The Dow Jones Industrial Average Is a Big Lie

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Tag page copy: The Dow Jones Industrial Average is the most inaccurate and distorted of all stock indices - and yet it remains the most followed stock market index.

Many of the Dow's flaws are well-known, but that hasn't stopped people who should know better from following its every move.

There are plenty of reasons why the retail investor needs to take the Dow Jones Industrial Average with a grain of salt - and at least one of them will surprise you.

Dow Jones Industrial Average Today: Your 5 Must-Read Stories

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For the fourth straight trading session, U.S. stocks climbed on news that General Electric Co. (NYSE: GE) and Morgan Stanley (NYSE: MS) and other companies beat quarterly expectations.

The Dow Jones Industrial Average today fell 16 points to 16,408.5; the S&P 500 gained 2.5 points to 1,864.8; the Nasdaq rose 9.2 points to 4,095.5.

Here a recap of today's major market events.

Dow Jones Industrial Average Gains 146 Points; Here's Your Top News

dow jones industrial average today

The U.S. markets jumped on Monday, with all three major benchmarks posting gains after stronger than expected retail data overshadowed concerns about geopolitical problems in Ukraine.

U.S. retail sales ticked up 1.1% in March to a seasonally adjusted $433.9 billion, according to the Commerce Department. This was the largest monthly gain in retail sales since September 2012.

Get all the major stories that moved today's markets here, in addition to the day's three biggest profit opportunities.

Top Stock Market News Today: How China Is Beating Up on Bitcoin

news on the stock market today

Stock market news today, April 11, 2014: The Nasdaq fell 129 points to finish Thursday at 4,054.11, its worst one-day drop since 2011 as investors ditched biotech, Internet, and other high-growth stocks. The CBOE Volatility Index (VIX) surged 17%, its largest one-day jump since late January.

The Dow Jones Industrial Average plummeted 267 points to finish at 16,169.90, while the S&P 500 dropped 39 points yesterday to 1,833.09.

Here's the stock market news for today...

5 Top Stories as Dow Jones Industrial Average Sinks 267 Points Today

Stocks down

At the closing bell, the Dow Jones Industrial Average fell 267 points to finish at 16,169.90. The Nasdaq fell 129 points to finish at 4,054.11, while the S&P 500 dropped 39 points to 1,833.09.

Markets plunged on Thursday despite positive economic data on unemployment benefits. The number of Americans filing new applications for unemployment benefits has fallen to its lowest level in almost seven years. The Nasdaq had its worst day since 2012 as biotech and online firms slumped the hardest.

Stock Market News Today: The U.S. Treasury's $2.38 Billion IPO

Stock Market Today

Stock market news today, April 10, 2014: The Dow Jones Industrial Average roared on Wednesday following an announcement that the U.S. Federal Reserve unanimously decided to ditch the thresholds it had set on dealing with unemployment and raising interest rates.

At the closing bell Wednesday, the Dow Jones rose 181 points to finish at 16,437. The Nasdaq gained 70 points to finish at 4,183, while the S&P 500 added 20 points to end the day yesterday at 1,872.

Here are the five things you should know to make your day profitable:

Dow Jones Industrial Average Up 181 Points in Best Day This Month

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The Dow Jones Industrial Average roared on Wednesday following an announcement that the U.S. Federal Reserve unanimously decided to ditch the thresholds it had set on dealing with unemployment and raising interest rates.

At the closing bell, the Dow Jones rose 181 points to finish at 16,437. The Nasdaq gained 70 points to finish at 4,183, while the S&P 500 added 20 points to end the day at 1,872.

Here's a recap of other major events moving markets today:

Chinese Currency Concerns Top Today's Stock Market News

Hot Stock Market News Today

Stock market news today, April 8, 2014: U.S. markets slumped for a third consecutive trading session on Monday following a sharp selloff in social media, Internet, and biotech stocks.

All three major indices slipped by more than 1%.

The Dow Jones Industrial Average fell 166 points yesterday to finish at 16,245. The Nasdaq dropped 47 points to finish at 4,079, while the S&P 500 lost 20 points to end the day at 1,845.

Here are the five things you should know to make your day profitable:

The Real Reason the Stock Market Is Rigged

Stock Market Performance Today

Everyone's talking about Michael Lewis' latest book Flash Boys and HFT (high-frequency trading) and whether the markets are rigged.

What they're not talking about is how the markets have been set up for institutionalized rigging.

I'm not kidding.

The markets are rigged. You're going to have to get over it and deal with it.

The rigging is in the system and that's just the way it is...

As to HFT, I'll get to that...