Dow Average Showing Its Age Getting Crushed in Recovery Trade
- Gap between the Dow and Nasdaq is over 20 percentage points
- Famous index excludes stay-at-home winners, elevates losers
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This week marks a milestone for the Dow Jones Industrial Average: its 124th birthday. Not that anyone watching markets needs a reminder it’s getting old.
Wrinkles show in the gaping divide between the venerable gauge and its younger brethren. Like many grandparents, it’s struggling to keep up with tech. Plunges in Boeing Co. -- its biggest member at the start of February -- were very costly, and some wonder if the benchmark represents the 21st century economy at all, especially in the coronavirus age.