New York Stock Exchange
The New York Stock Exchange and Euronext combined in 2007 to form New York Stock Exchange, Euronext which claims 8000 varying financial instruments traded, including derivatives, futures, options, stocks, and stock indices. Two most important instruments to trade currency pairs are the Dow Jones and S&P indices. Both are important, yet very different in calculation, methodology, size, and age.
Charles Dow calculated the Dow 12 stocks in 1896 while Standard Statistics Corporation first introduced the S&P 90 in 1926, S&P 500 in the 1950s (DJ Indexes, S&P). Dow indices are price weighted while S&P are market-capitalization weighted (DJ Indexes, S&P). Dow indices represent only blue chips while S&P are the largest capitalization ...
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