Stocks, Stock Markets, and Market Efficiency

On January 20, 2008, the Dow Jones Industrial Average reached a record low. Similarly, on October 13, 2018, the Dow Jones Industrial Average reached a record high. These fluctuations created a major buzz in the financial press. Explain what the changes in Dow Jones Industrial Average mean? Second, what reasons do you think are responsible for changes in the Dow?
2. Now listen to the NPR Planet Money Podcast:
http://www.npr.org/sections/money/2017/01/04/508261371/episode-443-dont-believe-the-hype (Links to an external site.)
In light of this new information, what is your view of the Dow Jones Industrial Average? Do you think the media’s reporting of its ups and downs is justified? Do you think it is an appropriate metric for measuring the state of the economy? Explain your answers.