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Home  >  Fundamental analysis  >  Stock indexes  >  NYSE Composite Index

NYSE Composite Index

The NYSE Composite Index covering price movements of all common stocks listed on the New York Stock Exchange.

The New York Stock Exchange (NYSE), nicknamed the "Big Board," is a New York City-based stock exchange. It is the largest stock exchange in the United States by dollar volume and the second largest by number of companies listed. Its share volume was exceeded by that of NASDAQ during the 1990s, but the total market capitalization of companies listed on the NYSE is five times that of companies listed on NASDAQ. The New York Stock Exchange has a global capitalization of $21 trillion, including $7.1 trillion in non-U.S. companies.

The NYSE is operated by NYSE Group, which was formed by merger with the fully electronic stock exchange Archipelago Holdings. The New York Stock Exchange trading floor is located at 11 Wall Street, and is comprised of five rooms used for the facilitation of trading. The main building is listed on the National Register of Historic Places and is located at 18 Broad Street, between the corners of Wall Street and Exchange Place.

NYSE Composite Index is based on the close of the market December 31, 1965, as 50 and is weighted according to the number of shares listed for each issue. The index is computed continuously and printed on the ticker tape. Point changes in the index are converted to dollars and cents so as to provide a meaningful measure of changes in the average price of listed stocks. The composite index is supplemented by separate indexes for four industry groups: industrial, transportation, utility and finance.

The NYSE Composite Index reflects the U.S. equity market on an even broader basis. The more than 3,000 common stocks listed on the New York Stock Exchange, Inc. represent some 46 separate industry classifications. This capitalization-weighted index measures the changes in aggregate market value of all the NYSE common stocks.

The Index is frequently adjusted to eliminate the influence of corporate actions (mergers and spin-offs) to ensure that it reflects only movements resulting from actual stock price changes. Since they began trading in 1982/1983, NYSE Composite Index futures and options have served the diverse goals and strategies of risk managers and speculative investors. The NYSE Composite Index contracts allow investors to take a position on the overall direction of the entire equities market without regard to style or sector.

The New York Stock Exchange Composite Index is a capitalization-weighted index of all common stocks listed on the New York Stock Exchange. The index currently encompasses more than 2,600 common stocks.

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