Experts and market-watchers constantly debate how well Charles Dow’s over 120-year-old index represents the market.
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Given the peace and quiet in the markets, it's fitting that a small move – 52 points, all of them essentially from Apple – brought the Dow to its newest milestone.How did we get here?Boeing, McDonald's and health insurer UnitedHealth have contributed more than 700 points out of the 1,000 the Dow has gained since March 1, when the index topped 21,000 points for the first time. When the Dow rocketed from 10,000 points to 11,000 points in early 1999, it was a 10 percent leap.With only 30 companies, the Dow reflects much less of the economy than the Standard & Poor's 500 index or the Russell 1500, which professionals pay more attention to.As of Wednesday, the Dow is up 11.4 percent for the year and the S&P 500 is up 10.7 percent.
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