A stock market index tracking 700 companies outside the United States in various industries with a large amount of market capitalization. It is a capitalization-weighted index, meaning that stocks with higher market caps affect the average more. The decision to include companies on the S&P 700 is made by committee and is updated periodically. The index also scales its averages to account for stock splits and other changes in the companies tracked. See also: S&P 700.
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