WALL STREET: New Market Measure

Investors in the New York stock market have long been hampered by the lack of an accurate barometer to tell how the majority of stocks are doing. Present published daily averages are computed on the basis of a small, hopefully representative sampling of stocks that often does not show the action of the market as a whole (TIME, Jan. 14). This week Standard & Poor's announced a weighted index of 500 stocks representing 90% of the total value of all stocks listed on the exchange. Said Standard & Poor's President Charles A. Schmutz: "It will be the most complete...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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