Broad Market

Broad Market

Usually refers to indices such as the Wilshire 5000 that track the performance of 5,000 securities, rather than the more narrow measures such as the Dow Jones Industrial Average and the S&P 500.

Broad Market

An index that consists of many stocks or stocks in many different industries. Broad market indices are not terribly useful in gauging the performance of individual industries they help give an indication of movements in the broader economy. An example of a broad market is the Wilshire 5000. See also: Narrow market.
References in periodicals archive ?
Second, our broad market share has allowed us to capture the majority of the design slots out there, and third, the overall storage market has clearly sent the message that SATA drives are the defacto standard for cost-effective storage.
The Manhattan residential real estate market closed 1997 at record levels, both in the Silk Stocking index of luxury properties and the broad market index of all residential property below 96th Street, reports the year-end edition of Halstead's New York, a quarterly statistical survey of Manhattan residential real estate.
editors, keepers of the average, say stocks included in the Dow must be representative of the broad market and U.
A word of caution: Return on any broad market index selected must be calculated on a dividend reinvested basis.
But they were wrong on both counts: the big Magellan sales came while the sector was still strong, and they seemed not to disturb the broad market.