Blue Chip Index

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Blue Chip Index

An index that predominately or exclusively tracks stocks in well-known and highly respected publicly-traded companies. Blue chip indices track companies that are usually financially sound and are thought to be relatively low-risk investments. These indices tend to be less volatile and are used sometimes as indicators of wider economic performance. A prominent example of a blue chip index is the Dow Jones Industrial Average.
References in periodicals archive ?
NEW YORK - The Nasdaq composite index of mostly technology stocks closed at a 19-month high on Friday, while blue chip indexes dipped below their day-earlier highs for the year.
He says right now, it appears that the worst case scenario would be limited to a 3% to 5% retracement for the traditional blue chip indexes (DJIA and S&P 500).
They need to rely on a coherent system of European benchmark indexes and tradable blue chip indexes.