What is NEW YORK STOCK EXCHANGE (NYSE) COMPOSITE INDEX?

Market capitalization value weighted index. Covers common stock price movements as ordinary shares of some 2300 firms listed on NYSE. , All shares relate to an aggregate market capitalization value set December 31, 1965, and adjusted for capitalization changes. Base index value is $50. On December 4, 2006, it exceeded 9000.

More On This Topic



Link to This Definition
Did you find this definition of NEW YORK STOCK EXCHANGE (NYSE) COMPOSITE INDEX helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary