The dow has nothing to do with index funds. The dow industrial average is price weighted. The s&p 500 is market weighted. No competent index would follow the dow- it doesn't even make sense conceptually, it has zero relation to the economics of the companies when you use price weighting, and 30 companies is a stupid low number.

There is, as far as I can tell, zero point to the dow, it's a completely useless tracker that is reported on because people talk about it because it's reported on.