Leading DJIA stocks by performance Q1 2024
The Walt Disney Company was the best performer in the Dow Jones Industrial Average (DJIA) index in the first quarter of 2024. Over that period, its stock price rose more than 35 percent. In 2020, most companies lost value in the first quarter as a result of the COVID-19 pandemic, but had largely recovered by the mid-year point.
What is the DJIA?
The DJIA is an index of 30 leading companies in the United States. Founded it 1885, it is one of the most indicators of sentiments on the financial markets. Many analysts follow indices such as the DJIA or the S&P 500 on a monthly or daily basis to have a better idea of how the stock market is doing at a given moment.
The benefit of tracking markets
The business cycle refers to the idea that the economy goes through a cyclic process of expansion and contraction. Stock market indices such as the DJIA can provide information on the timing of the next contraction, or recession. Investors try to use this and other data to predict the performance of sectors, or even single stocks. Of course, there is always a risk of choosing the stocks which don’t perform well.
