Hey, the market’s up 90 as I type! Uh, well, actually, it’s not; the Dow (with its 30 constituents) is up 90..
The Nasdaq Composite (with its 3000 constituents) is down 80…
The S&P 500 (with its 505 constituents) is dead even (as I type)…
Hence — headlines notwithstanding — the Dow is not the metric you should be watching every day.
Of course — assuming you’re an investor (as opposed to a trader) — you’re not the least bit concerned with daily fluctuations anyway, right?