Business: New Market Measure

Although there are already dozens of indexes in Wall Street to measure the ups & downs of the stock market, SEC decided last week to publish its own eight indexes weekly.

Seven of the indexes are based on 265 selected common stocks on the New York Stock Exchange, divided into seven groups (durable goods manufacturing; nondurable manufacturing; total manufacturing; transportation; utilities; trade, finance and services; mining). The eighth, a composite of the seven, is intended to show the gyrations of the whole market.

The composite index (1939 = 100) this week was 177, up...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!