Is the Dow a stock exchange?
Excuse me, I'm a bit confused about something I heard recently. Could you please clarify for me whether the Dow, which I've heard mentioned frequently in financial news, is actually a stock exchange? My understanding is that it's often referenced as a key indicator of the stock market's performance, but I'm not sure if it's a physical place where trading occurs or simply a compilation of data. Clarifying this distinction would be greatly appreciated. Thank you in advance for your time and expertise.