The dow Jones index is price weighted instead of market cap weighted. Constructing an index like that doesn't make any sense, e.g. a stock split reduces the wei

The dow Jones index is price weighted instead of market cap weighted. Constructing an index like that doesn't make any sense, e.g. a stock split reduces the weight of the stock in the index even if the market cap of the company stays the same![1] It is therefore meaningless and best ignored. [1] https://www.reuters.com/plus/apples-stock-split https://www.reuters.com/plus/apples-stock-split