Kuwait was the best performing market in the GCC in 2017, with a
price-weighted index return of 16.
The Nikkei 225, a
price-weighted index containing the top 225 blue-chip companies trading on the Tokyo Stock Exchange, just reached a 21-year high.
The iPhone and iPad maker had been notable by its absence in the 30-stock average, and it had been excluded because its stock price was too high for the
price-weighted index.
The iPhone and iPad maker had been notable by its absence in the Dow industrials, and the technology giant had been excluded because its stock price was too high for the
price-weighted index.
According to market analysts, higher-priced stocks have bigger impact on Dow Jones since it is a
price-weighted index.
The
price-weighted index tracks the stock performance of 50 of the largest publicly traded companies headquartered in the San Fernando, Conejo, Simi, Santa Clarita and Antelope valleys.
In a
price-weighted index, caviar will have the biggest overall impact because it's the most expensive item you've bought, even though you spent far more money on tuna.
The Dow Jones industrial average, a
price-weighted index, tracks the share prices of 30 large U.
In a
price-weighted index, a higher-priced stock will have greater sway than a cheaper equity.
8% and the Burrill Biotech Select Index, a
price-weighted index tracking 20 of biotech's "blue chip" companies, was down 5%.
4% while Burrill Biotech Select Index, a
price-weighted index tracking 20 of biotech's "blue chip" companies, finished up a whopping 14%.
Biotech did, however, outperform the broader stock market indices in the first half of the year even factoring in a brutal month of June for the capital markets where the Burrill Biotech Select Index, a
price-weighted index tracking 20 of biotech's "blue chip" companies, finished down 1.
