NYSE Composite
From Wikipedia, the free encyclopedia
The NYSE Composite (NYSE: NYA) is a stock market index covering all common stock listed on the New York Stock Exchange, including American Depositary Receipts, Real Estate Investment Trusts, tracking stocks, and foreign listings. Over 2,000 stocks are covered in the index, of which over 1,600 are from United States corporations and over 360 are foreign listings. It includes corporations in each of the ten industries listed in the Industry Classification Benchmark. It uses free-float market cap weighting.
It was originally given a value of 50 points, based on the market closing on December 31, 1965, and is weighted by the number of shares listed for each issue. It was re-introduced in January 2003 with a value of 5000 points, and set records over 9400 in February 2007; it stands around 9000 as of March 2007. The NYSE Composite has outperformed the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 in 2004, 2005, and 2006.[1]
The index is continuously computed, and printed on ticker tape every half hour, with point changes in the index converted to dollar amounts.
In addition to the overall composite, there are separate indices for industrial, transportation, utility, and financial corporations.
The index is the basis of the iShares NYSE Composite Index Fund (NYC), an exchange-traded fund.
[edit] Notes
- ^ NYSE Composite Index® Continues to Set Records. Retrieved on February 16, 2007.
[edit] External links
• Dow Jones Industrial Average (30 large stocks; popular indicator) (ETF: DIA)
• NYSE Composite Index (all companies on the NYSE) (ETF: NYC)
• Nasdaq Composite Index (all companies on the NASDAQ; technology-heavy) (ETF: ONEQ)
• NASDAQ-100 Index (100 large NASDAQ non-financial stocks) (ETF: QQQQ)
• S&P 500 Index (500 large companies; general market analysis) (ETF: SPY)
• Russell 2000 Index (small-cap stocks) (ETF: IWM)
• Wilshire 5000 Index (total U.S. market) (ETF: TMW)
