What Is the Dow Jones Industrial Average (US30)? Components, Price Weighting & How to Trade

The Dow Jones Industrial Average (DJIA, or "the Dow") is a price-weighted index of 30 large U.S. blue-chip companies and one of the oldest stock market indices in the United States. Many CFD brokers list it under the trading symbol US30.

The Dow differs from the S&P 500 and the Nasdaq 100 in one important way: it is weighted by share price, not by market capitalization. A stock with a higher share price moves the index more, so the largest company in the Dow is not necessarily the one with the biggest influence.

This guide covers the 30 Dow components and their weights, how the Dow is calculated, what moves it, how it compares with other U.S. indices, and how to trade US30 with Titan FX.

1. What Is the Dow Jones Industrial Average (US30)?

Charles Dow created the Dow Jones Industrial Average in 1896. Today it is maintained by S&P Dow Jones Indices.

A committee selects the components. It looks at a company's reputation, sustained growth and how well it represents its sector, rather than applying a fixed formula, and it changes the lineup from time to time.

Item	Details
Official name	Dow Jones Industrial Average (DJIA)
Common names	The Dow, US30 (CFD symbol)
Index provider	S&P Dow Jones Indices
Components	30 stocks
Weighting	Price-weighted
Currency	U.S. dollar

Despite the word "industrial" in its name, the Dow now includes financials, technology, healthcare and consumer companies. Only transportation and utilities are left out, because they have their own indices: the Dow Jones Transportation Average and the Dow Jones Utility Average.

2. The 30 Dow Jones Components

The table below uses the holdings of the SPDR Dow Jones Industrial Average ETF (DIA) as of November 6, 2026, sorted by weight. DIA holds the stocks in proportion to their share prices, so these weights show how much each component affects the Dow. Because DIA also holds a small amount of cash, its weights can differ slightly from the index itself.

Ticker	Company	Weight	Ticker	Company	Weight
GS	Goldman Sachs	10.0%	AMZN	Amazon	3.0%
CAT	Caterpillar	6.5%	IBM	IBM	2.8%
MSFT	Microsoft	6.1%	HON	Honeywell	2.5%
AMGN	Amgen	5.3%	CRM	Salesforce	2.5%
V	Visa	4.9%	CVX	Chevron	2.5%
TRV	Travelers	4.6%	NVDA	NVIDIA	2.2%
UNH	UnitedHealth	4.6%	MMM	3M	2.1%
SHW	Sherwin-Williams	4.0%	BA	Boeing	2.0%
HD	Home Depot	4.0%	PG	Procter & Gamble	1.9%
AAPL	Apple	4.0%	MRK	Merck	1.7%
JPM	JPMorgan Chase	3.9%	WMT	Walmart	1.5%
AXP	American Express	3.7%	DIS	Disney	1.4%
GOOGL	Alphabet	3.3%	KO	Coca-Cola	1.1%
MCD	McDonald's	3.2%	CSCO	Cisco	1.1%
JNJ	Johnson & Johnson	3.2%	NKE	Nike	0.4%

Weights change every day with share prices, and components can be replaced. For the latest data, check S&P Dow Jones Indices or the DIA fund page.

3. How the Dow Is Calculated: Price Weighting and the Dow Divisor

The Dow adds up the share prices of its 30 components and divides the total by the Dow Divisor:

The Dow Divisor is not 30. It is adjusted whenever a component splits its stock or is replaced, so that these corporate events do not cause the index to jump.

A simple example shows how price weighting works:

In other words, what matters is the share price, not the size of the company. Using the weights above, Goldman Sachs at about 10.0% and Nike at about 0.4% means a 1% move in Goldman Sachs affects the Dow more than 20 times as much as a 1% move in Nike.

This is also the main criticism of the Dow: a company with a high share price can dominate the index even if it is smaller than other components. The Nikkei 225 uses a similar price-weighted method, while the S&P 500 and the Nasdaq 100 are weighted by market capitalization.

4. Dow Jones Historical Performance

Key turning points in recent years:

• 2020 COVID crash: the Dow plunged in March, then recovered quickly as the Fed cut rates to near zero and launched large-scale asset purchases alongside fiscal stimulus

• 2022 rate hikes: the Fed raised rates rapidly to fight inflation. The Dow fell about 22% from its January high to its September low, a smaller decline than the tech-heavy Nasdaq 100 that year

• 2023 onward: as inflation eased and markets expected the hiking cycle to end, the Dow set a series of record highs

• 2025 tariff shock: stocks sold off sharply after sweeping U.S. tariff announcements. The Dow closed at 37,645.59 on April 8, then recovered gradually

• 2026: the Dow set a record close of 54,349.12 on August 5. It closed at 52,231.89 on November 10

The Dow usually moves more steadily than the Nasdaq 100, but it can still swing hundreds of points in a single day around major events.

5. What Moves the Dow?

Federal Reserve Policy

Fed interest rate decisions are the most important scheduled events for the Dow. Rate cuts usually lower borrowing costs and lift risk appetite, but stocks can still fall if the Fed is cutting because the economy is weakening. Rate hikes raise borrowing costs and weigh on valuations. The chair's press conference and the dot plot often move the market as much as the decision itself.

Economic Data

• Nonfarm payrolls: reflects the job market and shapes expectations for interest rates

• Consumer Price Index (CPI): inflation data can change the direction of Fed policy

• ISM Manufacturing PMI: industrial stocks carry meaningful weight in the Dow, so changes in manufacturing show up in components such as Caterpillar and Honeywell

You can check release times on Titan FX's Economic Calendar.

Earnings

U.S. companies report most of their earnings in January, April, July and October. Because of price weighting, results from high-priced components such as Goldman Sachs, Caterpillar and Microsoft have an outsized effect on the Dow.

Trade Policy and Geopolitics

Most Dow components are multinational companies. Tariffs, export controls and geopolitical conflicts affect their overseas revenue and costs, and therefore the index.

6. Dow vs S&P 500 vs Nasdaq 100

Item	Dow (US30)	S&P 500 (US500)	Nasdaq 100 (NAS100)
Components	30	About 500	About 100
Weighting	Price	Market cap	Market cap
Sectors	Diverse blue chips	All sectors	Tech-heavy, no financials
Volatility	Lower	Medium	Higher

The S&P 500 gives the broadest picture of the U.S. stock market, and the Nasdaq 100 focuses on tech and growth stocks. The Dow is best used to follow large U.S. blue-chip companies.

7. How to Trade US30 with Titan FX

Titan FX offers US30 as a contract for difference (CFD) under the name "US Wall Street 30 Index," tradable on both MT4 and MT5. CFDs let you go long or short and use leverage.

Step 1: Log In to Your Trading Account

Open and fund a Titan FX account, then log in to MT4 or MT5. Index CFDs are available on Zero Standard and Zero Blade accounts; Zero Micro accounts do not support index CFDs.

Step 2: Add US30 to Market Watch

Right-click in the Market Watch window, choose "Symbols," open the Indices folder, select US30 and add it to your list.

Step 3: Place an Order

Double-click US30 or open its chart to bring up the order window. Enter the volume, choose buy or sell, and set a stop loss and take profit.

Key Trading Conditions

Item	Details
Trading hours (server time)	01:00–23:59, Friday close 23:55
Minimum volume	0.1 lot
Maximum volume	100 lots
Dividend adjustment	Long positions receive, short positions pay

Server time is GMT+2 in winter and GMT+3 in summer, and US30 trading hours are the same in both seasons. The dividend adjustment equals the announced index dividend × number of lots × contract size.

Leverage, spreads and swap rates vary with account type and market conditions. See Titan FX's index CFD trading conditions for the latest details. You can also check live US30 quotes, spreads and swap rates on the US30 instrument page below.

View US30 Live Quotes and Trading Conditions

8. US30 Trading Strategies and Tools

Read Large Speculators' Positions with the COT Report

The Commodity Futures Trading Commission (CFTC) publishes the Commitments of Traders (COT) report every week, showing how large speculators are positioned in Dow futures. Titan FX's Dow Jones COT positioning page turns this data into charts.

• When non-commercial net long positions keep rising, large speculators are adding to bullish exposure

• When net longs start falling from an extreme level, the trend may be losing momentum

The report is released every Friday with positions as of Tuesday, so it works best as a guide to the medium-term direction, not for intraday entries.

Three Common US30 Strategies

• Trend trading: when the Fed's policy direction is clear, the Dow often trends for weeks. On daily or 4-hour charts, wait for a pullback to support or a moving average before entering in the direction of the trend

• Breakout trading: before major data releases, prices often consolidate in a tight range, and a close outside the range can start a clear move. See our breakout trading strategy guide

• Event trading: volatility jumps around rate decisions and nonfarm payrolls, and spreads can widen. Trade smaller, or wait until the direction is clear after the release

Titan FX's support and resistance levels and volatility heatmap can help you find key price levels and the most volatile hours.

9. Risks to Watch When Trading US30

• Leverage and position size: US30 can move hundreds of points in a day. A common guideline is to risk no more than 1% to 2% of your account on a single trade. Use the margin calculator to estimate the required margin, and remember that leverage magnifies both gains and losses

• High-weight components: price weighting gives news about high-priced stocks such as Goldman Sachs, Caterpillar and Microsoft an outsized effect on the Dow

• Earnings season and data releases: volatility rises around these events, so avoid stops that are too tight, or reduce your position first

• Overnight costs: positions held overnight incur swap charges, and dividend adjustments apply when components go ex-dividend

10. Frequently Asked Questions

Q1. Is US30 the same as the Dow Jones?

The Dow Jones Industrial Average is an index calculated by S&P Dow Jones Indices. US30 is the symbol many brokers use for a CFD that tracks the Dow. Its price follows the Dow's futures or cash market, but unlike the index itself, it is a product you can trade.

Q2. Why does Apple have less influence on the Dow than Goldman Sachs?

Because the Dow is price-weighted, only the share price matters. Apple's share price is lower than Goldman Sachs', so its weight in the Dow is smaller, even though Apple's market capitalization is much larger.

Q3. What are the US30 trading hours?

According to Titan FX's trading conditions, US30 trades from 01:00 to 23:59 MT4/MT5 server time, closing at 23:55 on Friday. Trading is most active during regular U.S. stock market hours.

Q4. How often do the Dow components change?

There is no fixed schedule. The S&P Dow Jones Indices committee replaces components when needed, for example when a company is acquired or when another company better represents the U.S. economy.

11. Summary

The Dow Jones Industrial Average (US30) tracks 30 U.S. blue-chip stocks and is price-weighted, so high-priced components have the most influence. It reflects the performance of large U.S. companies and responds to Fed policy, economic data, earnings and trade policy.

With Titan FX, you can trade US30 as a CFD, going long or short. Check the trading conditions before you start, control your leverage and position size, and watch for volatility around earnings season and major data releases.

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Further Reading

• What Is a Stock Index?
• Russell 2000 Index Explained
• How to Read Market Sentiment

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Primary Sources

• Index data: S&P Dow Jones Indices, "Dow Jones Industrial Average"; State Street SPDR DIA ETF daily holdings (November 6, 2026); Dow daily closing levels (S&P Dow Jones Indices, via FRED)
• Chart: TradingView, Dow Jones Industrial Average monthly
• Trading conditions: Titan FX, "Index CFD trading conditions," accessed November 10, 2026
• Positioning data: CFTC, "Commitments of Traders" report