Financial Markets For The Rest Of Us|
An Easy Guide To Money, Bonds, Futures, Stocks, Options, And Mutual Funds
Today when people talk about the market being up or down, they are mostly referring to DJIA.While DJIA is the most popular stock market index, by no means is it the only one. Some other popular indices are:NASDAQ Composite - Index of all stocks traded in the NASDAQ stock market (not Over The Counter stocks). Since the NASDAQ market is heavily populated by technology stocks (Microsoft, Intel, Cisco, Dell) including many Internet Stocks (Yahoo, Amazon, Ebay, CMGI), it is a good gauge for the technology sector performance. It also has a good representation of many biotech companies. By some accounts NASDAQ may be poised to rival DJIA considering the public's interest in the stocks it represents.
AMEX Composite - Index of all stocks trading on American Stock Exchange (now owned by NASDAQ). Published by NASDAQ.
NYSE Composite - Index of all stocks trading on New York Stock Exchange (e.g., General Electric, Hewlett Packard, Ford, and Exxon Mobil). Published by New York Stock Exchange.
Russell 2000 - Index of 2000 small capitalization stocks. (We will discuss capitalization shortly but for now think of this as smaller companies such as 7-Eleven, Adtran, OfficeMax, and La Z Boy). Published by Frank Russell Company.
Wilshire 5000 - The broadest of them all, this index contains over 7,000 stocks. Therefore, it can be argued that this index delivers the most accurate measurement of the US stock market performance. Published by Wilshire Associates Inc.
Dow Transports (DJTA) - Index of stocks whose companies are involved in transportation, such as airlines, railways, and trucking (e.g., Delta Airlines, Norfolk Southern, and Ryder). Published by Dow Jones.
Dow Utilities (DJUA) - Index of stocks whose companies are in the energy sector, such as oil companies and utility companies (e.g., Enron, Consolidated Edison, and Consolidated Natural Gas). Published by Dow Jones ….
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