At the daily close of the US stock market the media reports how the stock market has done overall for the day by announcing how "The Dow", or "Dow Jones" has performed. I don't think most people know exactly what this means. The offical name is "Dow Jones Industrrial Average (DJIA)".
Below are the 30 "Blue Chip" companies that comprise the Dow. Each of these companies are supposed to be representative of the industry they compete in. In theory, how goes the price of the stock of the major company in the sector so goes the entire sector.
Go HERE for a more detailed explanation how DJIA index is created and the math behind it.
The Dow itself is up 6% for the year which means if you invested $1,000 at the begining of the year in the components of the Dow, you would have earned an additional $60.00. Don't spend it all in one place...
Plaintiff Toy Biz, Inc. ("Toy Biz") brings this action to challenge the tariff classification by the United States Customs Service ("Customs" or "Defendant") of various items imported from China and entered at the ports of Seattle and Los Angeles in 1994. The items are action figures from various Marvel Comics series, including the "X-Men," "Spider-Man," and the "Fantastic Four," and an additional item called "Jumpsie," which is not an action figure. The items are packaged in boxes or blister packs attached to colorful cardboard backing covered with printed illustrations and writing. The packaging of a number of items includes small accessories, such as weapons and other equipment. Customs classified the items as "Dolls representing only human beings and parts and accessories thereof: Dolls whether or not dressed: Other: Not over 33 cm in height," under subheading 9502.10.40 of the HTSUS (1994), dutiable at 12% ad valorem. Toy Biz contends that the action figures at issue are properly classifiable as "Toys representing animals or other non-human creatures (for example, robots and monsters) and parts and accessories thereof: Other," under subheading 9503.49.00, HTSUS (1994), dutiable at 6.8% ad valorem. Toy Biz further contends that "Jumpsie" should be classified as a "toy set," under HTSUS (1994) subheading 9503.70.80, dutiable at 6.8% ad valorem.