Ask someone in the U.S., "how did the stock market do today?" and they are likely to tell you how the S&P 500 performed. Or, if they're old school and they might quote you the Dow Industrial Average.
Ask the same question in Sydney or Melbourne and they might tell you how the All-Ordinaries Stock Index did. Well, they might still quote the S&P 500. But they are far more likely to bring up the All-Ordinaries than someone in NYC.
The All-Ordinaries Index is the main tracking index for the Australian stock exchange. It tracks the 500 largest companies on the Australian exchange, as figured by market cap.
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Finance: What is the S&P 500?45 Views
finance a la shmoop. what is the S&P 500? well the S&P 500 is just an index- that
is the standard and poors company assembled 500 stocks put them on a
spreadsheet- this was a spreadsheet in 1957 -and they tracked them. [spreadsheet pictured]
well the index had something like 37 shares of Procter & Gamble, the 23 shares
of Ford, 18 shares of IBM and so on. in the 1950s the S&P 500 totaled something
like 40 maybe 50 bucks on a good day. at the end of each day the elves who worked
inside of the S&P Factory, they would add up the shares basically ignore any
dividends and send to the press a total which was published to more or less
everyone who cared about investing. well not nearly even a century later the 40 [man reads newspaper]
to $50 reign to the SNP is today knock on the door of 2,500 .so without even
having dividends reinvested you'd have made 50 times your money with dividends
reinvested to buy more shares instead of keeping the cash to buy you know
groceries or electric massage slippers. you'd have made over 70 times your [grocery display case and slippers pictured]
original investment. welcome to America.
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