This work will intend to find some explanatory variables for the Dow Jones.
1- Do some research about previous researches in this topic.
2-
3.- Find the best model with the information obtained from your research.
4.- Write a report to show your findings.
Review some of the articles and explain what are the variables generally used.
Some Remarks:
What are some explanatory variables for the Dow Jones.?
During the recent years, a set of measures in Monetary Policy by the Federal Reserve: Quantitative Easing and Lower Rates, have created a boost in the stock market. With increases in the Dow Jones to historic heights, is there any research explaining such behavior?
if so, what are the variables used?
What is the definition of the Balance Sheet of the Federal Reserve?
what are the rates that the Federal Reserve is keeping at almost zero for the last years (note that this rates will increase during March). Answer: interest rate
Maybe other variables could be useful in this model?
what about Oil Price and Gold Price?
As you see this is a research where you have to investigate other papers in this subject and analyze the current information.
What does macroeconomics tell us about the dow?
http://www.seas.upenn.edu/~ese302/Projects/Project_3.pdf
How does quantitative easing in the U.S. affect the stock market?
the value line Dow Jones stock evaluation model
https://pdfs.semanticscholar.org/b462/a68c05c97d1c9ab70d74e63f712da8e55ecb.pdf
The Federal Reserve’s balance sheet
https://www.federalreserve.gov/monetarypolicy/bst_fedsbalancesheet.htm
Correlation of the National Debt with the Dow Jones Industrial Average
http://www.netdale.com/theory/djia/
US stock market and macroeconomic factors
http://www.uclm.es/profesoradO/fjareno/DOCS/9541-36008-2-PB.pdf
how much do oil prices affect the stock market?