State Street’s Dow Diamonds (DIA) has been renamed as the SPDR Dow Jones Industrial Average ETF (DIA). DIA tracks the Dow Jones Industrial Average, the oldest continuous barometer of the U.S. stock market, and the most widely quoted indicator of U.S. stock market activity.
An ETF does not require a certain amount of trading volume in order to be liquid. The underlying securities of the ETF determine its liquidity. Many within the industry do not grasp this reality and are missing out on a lot of quality ETFs.
As the US equity markets stumbled out of the blocks, gold continued to climb back from its November lows. Despite new leadership in Washington, the continued disappointing economic news resulted in the Dow Jones Industrial Average (DIA) falling 8.8% in January, the worst start to the year in history for the bellweather index.