The Dow Jones Industrial Average has existed for 125 years and is one of the most widely recognized stock market indexes in the world.
While many investors believe the purpose of the index is to generally represent the U.S. economy, in fact that’s true only in broad strokes. Originally it was just industrial companies (hence the name), but now other sectors of the economy are reflected in the 30 stocks that make up the Dow.
Yet despite technology companies being present in the index, one name you won’t see there is Amazon (NASDAQ: AMZN), even though it is arguably one of the businesses most integral to the tech sector and to the economic health of the country as a whole.
