A market capitalization-weighted benchmark index made up of the 3000 largest US stocks, which represent about 98% of the US equity market.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Russell 3000 Index
An index, weighted for market capitalization, of the 3,000 largest publicly-traded companies 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 3000 Index accomplishes much the same thing: providing a snapshot of how well the U.S. economy is performing 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 1000 Index.
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