Understanding the Opening Price of the Dow Jones Industrial Average

The Dow Jones Industrial Average (DJIA) is one of the most widely used and closely watched stock market indices in the world. Among the many pieces of information available, the opening price of the DJIA on a specific date, such as January 28, 2019, can provide valuable insights into the market's sentiment at the beginning of a trading day. In this article, we will explore how to easily find the opening price of the DJIA for any given date and discuss the importance of this information for investors.

What was the Opening Price of Dow Jones Industrial Average on January 28, 2019?

The opening price of the Dow Jones Industrial Average on January 28, 2019, was 24,610.00. It's important to note that this value does not represent the entire year's opening, but the opening for that specific day, which is often an indicator of market sentiment on that day. The opening for the entire year of 2019 was 23,346.24, showcasing the movement in the market throughout the year.

How to Find the Opening Price of the DJIA

Seeking the opening price of the Dow Jones Industrial Average for a particular date is straightforward and can be done using various tools and resources, including Google searches. Here are a few ways to find the information:

Google Search: Simply type the specific date and the phrase "opening price of Dow Jones Industrial Average" into Google. For instance, searching for "What was the opening price of Dow Jones Industrial Average on Februaury 6, 2019" would provide the answer. Financial News Websites and Market Analysis Platforms: Websites like CNBC, Bloomberg, Yahoo Finance, or MarketWatch often provide historical stock market data. These platforms allow you to pull long-term charts and use the mouse to highlight specific dates to find the opening price. Charting Software: For more precise information, you can use specialized charting software such as TC2000. This software can help you focus on a specific date and read the opening price directly. Streaming Stock Chart Services: Many free and premium services offer the ability to stream real-time and historical stock data. FSC - Streaming Stock Charts is an example of a free service you can use for this purpose.

Why Does This Information Matter?

While the opening price of the DJIA for a specific date is generally not as important as the closing price for investment decisions, it still provides a snapshot of market conditions at the start of a trading day. This can be particularly useful for traders who are keen on understanding market trends in detail. However, for most investors, it is the overall trajectory of the index over time and the general sentiment that matter more.

It's important to note that investors do not need to memorize every detail of the market, but rather focus on the essential information that helps them make informed decisions. These essential facts might include trends, fundamental factors, and macroeconomic indicators, among others. Non-essential facts, such as the opening price on a specific day, might be "nice to know" but not necessary for informed investment decisions.

How to Use Google More Efficiently

Google is a powerful tool that can help you find a vast amount of information quickly and accurately. When looking for specific dates or historical data, a simple search can save you time and effort. For example, entering a query like "What was the opening price of Dow Jones Industrial Average on January 28, 2019" will yield the exact information you need in seconds. This information can then be used to analyze market trends and make better-informed investment decisions.

Conclusion

The opening price of the Dow Jones Industrial Average, like the prices of other stocks and indices, is an interesting piece of information for both casual observers and investors. While it might not be a "need to know" detail, understanding the context and method of finding this data can be beneficial for those interested in market movements and trends.