Dow Jones Industrial Average (DJIA)

Returns the Dow Jones Industrial Average, a price-weighted index of 30 large U.S. blue-chip companies.

Data Source

S&P Dow Jones Indices via FRED.

Usage Notes

  • No parameters required
  • Returns index value
  • For real-time quotes, use Last("^DJI")
  • Price-weighted index (unlike S&P 500 which is market-cap weighted)

DJIA Composition

The DJIA includes 30 large U.S. companies across various sectors:

  • Technology (Apple, Microsoft)
  • Financial (Goldman Sachs, JPMorgan)
  • Healthcare (Johnson & Johnson, UnitedHealth)
  • Consumer (Nike, McDonald's)
  • Industrial (Boeing, Caterpillar)

Index Characteristics

Feature DJIA S&P 500
Components 30 stocks 500 stocks
Weighting Price-weighted Market-cap weighted
Coverage Blue chips Broader market

Syntax

=DJIA()
Excel Desktop (Windows)

Examples

=DJIA()
Dow Jones Industrial Average
=Last("^DJI")
Real-time DJIA quote

When to Use

  • Tracking blue-chip stock performance
  • Market sentiment analysis
  • Historical market comparison
  • Building market dashboards

When NOT to Use

Scenario Use Instead
Need real-time quotes Last("^DJI")
Need broader market Last("^SPX") for S&P 500
Need market volatility VIX()

Common Issues & FAQ

How do I get real-time DJIA?

Use =Last("^DJI") for real-time Dow Jones quotes.

Why is DJIA different from S&P 500?

DJIA is price-weighted (30 stocks), while S&P 500 is market-cap weighted (500 stocks). S&P 500 is considered more representative of the overall market.

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MarketXLS Excel Add-in Tutorial - How to Use Dow Jones Industrial Average and Other Financial Formulas
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