Why might an investor prefer the S&P $500$ over the DJIA as a gauge of the U$.$S$.$ stock market's performance?

Because the S&P $500$ exclusively includes technology companies, which are the highest performing in the market.

Because the S&P $500$ is older and more established than the DJIA.

Because the S&P $500$ has a greater number of companies and covers a wider range of industries, providing a more diverse and representative sample of the market.