barometer(redirected from barometric)
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Economic and market data that represent an overall trend. The Dow Jones Industrial Average is an example of a stock market barometer.
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A stock in a well-known or highly-regarded company in a given sector. The performance of a barometer stock is considered to be an indicator of the performance of its particular sector or industry. The term "barometer stock" is chiefly British; in the U.S., the primary term is bellwether stock.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
An indicator of fluctuations. For example, the S&P 500 is a barometer for stock market movements. Likewise, long-term interest rates are a barometer of inflationary expectations.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.