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You'll Never Find a Railroad on the Dow

By Anders Bylund - Dec 23, 2013 at 2:03PM

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The Dow Jones Industrial Average is actually just one of several Dow Jones market trackers. Have you even heard of the others?

The Dow Jones Industrial Average ( ^DJI 0.00% ) is just one of several Dow Jones market trackers. The secular index will never invite any tickers from the railroading, airline, or electrical utilities industries -- because there are separate Dow indexes for these sectors.

If you want to track these industries, you'll have to look for the Dow Jones Transportation Average (DJINDICES: DJT) or Dow Jones Utility Average (DJINDICES: ^DJU) instead. There's even a composite index that brings all 65 tickers together.

In the video below, Fool analyst Anders Bylund explains why you'll never see Duke Energy ( DUK 1.33% ) and its $48 billion market cap on the DJIA, nor the even larger Union Pacific ( UNP 2.34% ) railroad.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Stocks Mentioned

Dow Jones Industrial Average (Price Return) Stock Quote
Dow Jones Industrial Average (Price Return)
^DJI
$34,580.08 (0.00%) $0.00
Duke Energy Corporation Stock Quote
Duke Energy Corporation
DUK
$101.21 (1.33%) $1.33
Union Pacific Corporation Stock Quote
Union Pacific Corporation
UNP
$246.06 (2.34%) $5.63

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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