Russell 1000 Index

Russell 1000 Index

An index, weighted for market capitalization, of 1,000 large cap, publicly-traded companies. Companies tracked on the Russell 1000 account for upwards of 90% of the market capitalization of companies traded in the United States. While not as famous as the Dow Jones Industrial Average or the S&P 500, some analysts believe that the Russell 1000 Index accomplishes much the same thing: providing a snapshot of how well the U.S. economy is doing by gauging demand for shares in its largest publicly-traded companies. It is managed by the Russell Investment Group. See also: Benchmark, Russell 2000 Index, Russell 3000 Index.

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Russell 1000 Index. This capitalization-weighted index, published by the Frank Russell Company tracks the 1000 largest stocks that are included in the Russell 3000 Index and represents approximately 92% of the market value of US stock.

The Index is rebalanced annually, at the end of June, and is widely used as a benchmark of large-cap US stock performance.