NYSE Arca Major Market Index
What is the NYSE Arca Major Market Index?
The NYSE Arca Major Market Index is a price-weighted stock market index consisting of 20 Blue Chip industrial stocks of major US corporations. The index was established in 1983 with a base price and base value set at 200.00.
Where have you heard about the NYSE Arca Major Market Index?
The NYSE Arca Major Market Index was previously the AMEX Major Market Index. The index includes stocks from many large US corporations including American Express Company, The Walt Disney Company, McDonald's Corp., the Coca-Cola Company and Microsoft Corporation.
What you need to know about the NYSE Arca Major Market Index.
Several of the stocks listed on the NYSE Arca Major Market Index (or XMI or MMI) are also components of the Dow Jones Industrial Average (DJIA), but surprisingly, despite what the name may suggest, all of the stocks - bar one (Microsoft Corporation) - trade on the New York Stock Exchange rather than the NYSE Arca Exchange. Futures on the index are traded on the Chicago Board of Trade, whilst options are traded on Amex and Euronext.