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You hear everyday that the market is up or down. But have you ever wondered what "the market" is? Usually, "the market" refers to the Australian (All Ords 200) or U.S. stock market as measured by the Dow Jones Industrial Average. The All Ords tracks the top 200 listed companies in Australia such as AMP, BHP, CSR, NAB, etc. The Dow tracks the stock of 30 well known companies such as IBM, Intel, General Electric, Coca Cola, to name a few. The list changes periodically as companies merge, lose prominence, or rise to the top of their industry. The All Ords and Dow are indexes of stocks which when averaged together indicate the trend of the overall market. The Dow is the global leader and is the most widely used index, but there are many important indexes used to help gauge the market. Another major index is the Standard and Poor's 500, also known as the S&P 500. It tracks 500 leading large companies and is considered to be the professional's benchmark of the overall stock market as it accounts for about 75% of the value of the U.S. stock market. Major Indexes
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