Major Index 50-Day Performance Through Wednesday
July 30, 2009 (FinancialWire) — The S&P 500 (SPX), Dow Jones Industrials (INDU), NYSE Composite (NYE) and Nasdaq Composite (NASDAQ) all made progress against their 50-day rolling averages, through Wednesday, with the Nasdaq leading the pack by almost 100%.
50-day rolling average comparisons and totals through Wednesday, July 29, 2009, are as follows:
The S&P netted a 50-day total gain of 7.19% (65.44 points). On the day, The S&P traded at 0.65% above its 50-day average daily volume, and closed at 5.53% (51.06 points) above its 50-day average of 924.09, ending the day’s session at 975.15.
The Dow netted a 50-day total gain of 6.66% (566.64 points). On the day, The Dow traded at 0.65% above its 50-day average daily volume, and closed at 5.75% (493.38 points) above its 50-day average of 8,557.34, ending the day’s session at 9,070.72.
The NYSE netted a 50-day total gain of 7.07% (414.70 points). On the day, The NYSE traded at 0.65% above its 50-day average daily volume, and closed at 5.22% (311.50 points) above its 50-day average of 5,969.07, ending the day’s session at 6,280.57.
The Nasdaq netted a 50-day total gain of 13.59% (235.40 points). On the day, The Nasdaq traded at 6.73% below its 50-day average daily volume, and closed at 7.75% (141.51 points) above its 50-day average of 1,826.25, ending the day’s session at 1,967.76.
About The Indexes:
The S&P 500 is an index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe. Companies included in the index are selected by the S&P Index Committee, a team of analysts and economists at Standard & Poor’s. The S&P 500 is a market value weighted index - each stock’s weight in the index is proportionate to its market value. The S&P 500 is one of the most commonly used benchmarks for the overall U.S. stock market. The Dow Jones Industrial Average (DJIA) was at one time the most renowned index for U.S. stocks, but because the DJIA contains only 30 companies, a growing consensus is that the S&P 500 is a better representation of the U.S. market. In fact, many consider it to be the definition of the market.
The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow in 1896. Often referred to as “the Dow”, the DJIA is the oldest and single most watched index in the world.
The 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. The NYSE composite is considered a highly relevant indicator of general market strength.
The Nasdaq Composite index is a market-capitalization weighted index of the more than 3,000 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks. The index includes all Nasdaq listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debentures. Unlike other market indexes, the Nasdaq composite is not limited to companies that have U.S. headquarters.
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Free annual reports for index component companies are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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