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Definition of 'NYSE Composite Index'
Measures all common stocks listed on the New York Stock Exchange and four subgroup indexes: industrial, transportation, utility and finance. The index tracks the change in the market value of NYSE common stocks, and is adjusted to eliminate the effects of new listings and delistings. The market value of each stock is calculated by multiplying its price per share by the number of shares listed.
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Investopedia explains 'NYSE Composite Index'
The NYSE composite is a fairly good indicator of general market strength.
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Get to know the most important market indices and the pros and cons of investing in them.
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Learn some of the important differences in the way they operate and the securities that trade on them.
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Stocks that go down must come up, right? Wrong. We bust this and four other common market misconceptions.
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