I’m old-fashioned when it comes to my stock indexes. I like the Dow Jones Industrial Average ($DOWI) best.
The S&P 500 ($SPX) and Nasdaq-100 ($IUXX) may be more popular, but they’ve become so top-heavy that they’re “go big, or go home.” The Dow Jones is more of an equal opportunity index. We’ve seen stocks like United Healthcare (UNH) go from the largest weighted stock to a distant third in about 18 months. And an industrial – Caterpillar (CAT) – and a financial stock – Goldman Sachs (GS) – vault to the top of the price-weighted Dow this year.