Specialists Go to www.nyse.com and find the discussion of NYSE members. What are the five essential functions of the specialist according to the Web site?
DJIA As you have seen, in a price-weighted index, a stock with a higher price has a higher weight in the index return. To find out the weight of the stocks in the DJIA, go to www.djindexes.com. Which stock in the DJIA has the highest weight? The lowest weight?
DJIA You want to find the current divisor for the DJIA. Go to www.djindexes.com and look up the current divisor.
S&P 500 To find out the most recent changes in the S&P 500, go to www2.standardandpoors.com. Once at the Web site, find the 10 most recent additions and deletions to the stocks in the index.
Nikkei 225 The Nikkei 225 Index is a highly followed index that measures the performance of the Japanese stock market. Go to www.nni.nikkei.co.jp and find out if the Nikkei 225 is a price-weighted or value-weighted index. What is the divisor for this index? When was the latest reconstitution of the index? Which stocks were added? Which stocks were deleted?
