Major Market Index

Major Market Index

An index of 20 stocks in different industries. Its composition is very similar to the Dow Jones Industrial Average. The Major Market Index is considered an important benchmark, though it is not as widely known as the DJIA. Its ticker symbol is XMI and it is managed by the American Stock Exchange.

Major Market Index

An index of 20 bellwether stocks that closely tracks changes in the Dow Jones Industrial Average. Nineteen of the stocks in the Major Market Index are also included in the Dow Jones Industrial Average. The Major Market Index is used primarily by program traders who take a long or short position in the stocks included in the index and the opposite position in a futures contract on the index. The Major Market Index was developed in 1983 by the American Stock Exchange.
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In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS (R) Index (XLT), the S&P MidCap400 Index and MidCap LEAPS (R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR) and the Morgan Stanley Cyclical (CYC) and Consumer (CMR) Indexes -- as well as seven industry-based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI) The Pharmaceutical Index (DRG), the DRG LEAPS (R) Index (DGL), The Biotechnology Index (BTK), the BTK LEAPS (R) Index (BKL), and The North American Telecommunications Index (XTC).
IBD Alerts Plus can be customized to notify investors about significant stock behavior, such as stocks that hit new highs, outperform a major market index, cross a key moving average, and much more.
In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS (R) Index (XLT), the S&P MidCap 400 Index and MidCap LEAPS (R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR) and the Morgan Stanley Cyclical (CYC) and Consumer (CMR) Indexes -- as well as seven industry- based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI) The Pharmaceutical Index (DRG), the DRG LEAPS (R) Index (DGL), The Biotechnology Index (BTK), the BTK LEAPS (R) Index (BKL), and The North American Telecommunications Index (XTC).
In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS(R) Index (XLT), the S&P MidCap 400 Index and MidCap LEAPS(R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR) and the Morgan Stanley Cyclical (CYC) and Consumer (CMR) Indexes -- as well as seven industry-based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI) The Pharmaceutical Index (DRG), the DRG LEAPS(R) Index (DGL), The Biotechnology Index (BTK), the BTK LEAPS(R) Index (BKL), and The North American Telecommunications Index (XTC).
In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS (R) Index (XLT), the S&P Midcap 400 Index and MidCap LEAPS (R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR) and the Morgan Stanley Cyclical (CYC) and Consumer (CMR) Indexes -- as well as seven industry-based indexes -- the Oil Index (XOI), the Computer Technology Index(XCI) The Pharmaceutical Index (DRG), the DRG LEAPS (R) Index (DGL), The Biotechnology Index (BTK), the BTK LEAPS (R) Index (BKL), and The North American Telecommunications Index (XTC).
In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS(R) Index (XLT), the S&P Midcap 400 Index and MidCap LEAPS(R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR) and the Morgan Stanley Cyclical (CYC) and Consumer (CMR) Indexes -- as well as seven industry-based indices -- the Oil Index (XOI), the Computer Technology Index (XCI), The Pharmaceutical Index (DRG), the DRG LEAPS(R) Index (DGL), The Biotechnology Index (BTK), the BTK LEAPS(R) Index (BKL), and The North American Telecommunications Index (XTC).
In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS (R) Index (XLT), the S&P Midcap 400 Index and MidCap LEAPS (R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR), and the Morgan Stanley Cyclical (CYC) and Consumer (CMR) Indexes -- as well as seven industry- based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS (R) Index (DGL), the Biotechnology Index (BTK), the BTK LEAPs (R) Index (BKL), and the North American Telecommunications Index (XTC).
In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS(R) Index (XLT), the S&P Midcap 400 Index and MidCap LEAPS(R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR), the Morgan Stanley Cyclical (CYC) and Consumer (CMR) Indexes -- as well as six industry-based indices -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(R) Index (DGL), the Biotechnology Index (BTK), and the BTK LEAPS(R) Index (BKL).
In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS(R) Index (XLT), the S&P MidCap 400 Index and MidCap LEAPS(R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR), the Morgan Stanley Cyclical Index (CYC) and the Morgan Stanley Consumer Index (CMR) -- as well as six industry-based indices -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(R) Index (DGL), the Biotechnology Index (BTK), and the BTK LEAPS(R) Index (K?
In addition, options are traded on eight broad market indexes--the Major Market Index (XMI), the XMI LEAPS(R) Index (XLT), the S&P MidCap 400 Index and MidCap LEAPS(R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR), the Morgan Stanley Cyclical Index (CYC) and the Morgan Stanley Consumer Index (CMR)--as well as six industry-based indexes--the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(R) Index (DGL), The Biotechnology Index (BTK), and the BTK LEAPS(R) Index (BKL).
The dollar value of FLEX trades reported last week on the exchange's Major Market Index (ticker symbol: XMI) totaled $36.
In addition, options are traded on six broad- market indexes -- the Major Market Index (XMI), the XMI LEAPS(tm) Index (XLT), the S&P MidCap 400 Index (MID), the Institutional Index (XII), the Japan Index (JPN) and the EUROTOP 100 Index (EUR) -- as well as six industry based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(tm) Index (DGL), The Biotechnology Index (BTK), and the BTK LEAPS(tm) Index (BKL).