Blue Chip Index

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 ?
LONDON'S blue chip index started to bounce back from a major sell-off that wiped trillions of pounds off global markets this week in response to fears that rising inflation could spark interest rate hikes.
The strength in the blue chip index is broad-based, with several components rising by over 1%, but none are doing more to help than Merck (MRK), which is sharply higher following positive data from a trial of its lung cancer treatment Keytruda.
The blue chip index, however, stayed near a record high hit on Friday after a run aided by a fall in the pound since Britain's vote in June to exit the EU.
Multinational stocks on the blue chip index tend to benefit when foreign currencies are stronger.
Direct Line Insurance Group (LON: DLG) Plc and TUI Travel Plc (LON: TT) are vying for the single spot available in the FTSE 100, the benchmark blue chip index.
Over the year, however, the UK blue chip index is up only 3.
Summary: Some Au50 billion has been wiped from the value of London's blue chip index as part of a collapse in markets across the globe.
If Ferrexpo is promoted to the blue chip index, the mining sector would account for 10 per cent of FTSE 100 companies.
The blue chip index reacted with a rally on the Dow Jones Industrial Average, which soared by nearly 200 points after news of a EUR7.
Analysts were expecting the UK blue chip index to open ahead after the Dow Jones Industrial Average closed more than nine points to the good.
The blue chip index had ended lower for the six trading days through Wednesday.
The group ironically only rejoined the top flight after sharp falls in its share price pushed it out of the blue chip index for the first time.