Is it still the economy stupid?

Gonz

Gonz

molṑn labé
Staff member
NEW YORK - The Nasdaq composite index burst past 2,000 Monday, and the Dow Jones industrials surged more than 120 points as investors shook off concerns about the impact of mad cow disease and looked optimistically toward 2004.
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Would somebody mind explaining to me those numbers? I see them everyday yet i don't know what stands for what. Thank you.
 
Dow Jones Industrial Average - DJIA
The Dow Jones Industrial Average index - (DJIA) is a price-weighted average of 30 actively traded blue chip stocks, primarily industrials but including American Express Co. and American Telephone and Telegraph Co. Prepared and published by Dow Jones & co., it is the oldest and most widely quoted of all the market indicators. The components, which change from time to time, represent between 15% and 20% of the market value of NYSE stocks. The DJIA is calculated by adding the closing prices of the component stocks and using a divisor that is adjusted for splits and stock dividends equal to 10% or more of the market value of an issue as well as substitutions and mergers. The average is quoted in points, not in dollars.
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Nasdaq Composite Index -
The Nasdaq Composite Index measures all Nasdaq domestic and non-U.S. based common stocks listed on The Nasdaq Stock Market. The Index is market-value weighted. This means that each company's security affects the Index in proportion to it's market value. The market value, the last sale price multiplied by total shares outstanding, is calculated throughout the trading day, and is related to the total value of the Index.
Today the Nasdaq Composite includes over 5,000 companies, more than most other stock market indexes. Because it is so broad-based, the Composite is one of the most widely followed and quoted major market indexes.
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Glossary
 
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