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What Does INDU & INDP Mean In Regards To The Stock Marke?

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    INDU is the one of the ticker symbols for Dow Jones Industrial Average. INDP is the Industrial Production Index. Both of these track the movement of two broadest sectors of the market - Industrials and production respectively, to gauge how the stock market's move is shaping up. Dow Jones index tracks 30 biggest companies that people always have to buy from - it is almost as if the Worldly living as we know would not exist but for these 30 companies - like GE, 3M, Bank of America, caterpillar, IBM etc.
    Different data providers in the stock market refer to the same Dow Jones Industrial average by using different symbols - While Bloomberg uses DJI, 2 other systems use INDU as the symbol. Outside those two systems, INDU basically doesnt mean much. The hundreds of mutual funds and ETFs translate that into better known Ticker symbols of the more popular ETFs and stocks.
    The INDU is also referred to as DJIA, or the Dow 30, or simply, The Dow. It is also common to see both INDU and INDP being used to mean the same but they are two distinctly different comparison benchmarks
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    answered 8 months ago

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