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 ?
Odds favor that the downside for stocks is limited, but it became more than apparent in Tuesday's session that the more traditional blue chip indices are having trouble finding consistent buying, notes S&P Market Analyst Paul Cherney.
The traditional blue chip indices (DJIA and S&P 500) lost a little of their upside momentum last week, and the drop in volume during Friday's session may be signaling that some buying fatigue could cause prices to drift lower this week, according to S&P Market Analyst Paul Cherney.