What is the US 30 index?

The US 30 index represents the value of the 30 largest US-registered corporations, also known as the Dow Jones index. It is one of the most-watched indices in the world because of the short list of companies it represents. The US 30 has a price-weighted average, meaning companies with the highest share price exert the most influence on the index.

What does the US30 mean?

At first, this may be confusing but it’s actually nothing new. The US30 = the Dow 30 ( Dow Jones Industrial Average ). It’s called the US30 vs. its original name because the US30 is a derivative product of the Dow Jones 30. It’s as simple as that.

Is the US Wall Street 30 a price-weighted index?

Unlike market capitalisation-weighted indices such as the DE30 or UK100, the US Wall Street 30 is a price-weighted index. Here, each of the constituent 30 stocks drives the index based on its price per share. The higher the price, the more it drives the index value.

How does the Dow 30 affect the US30?

As the name suggests, the Dow 30 consists of 30 blue-chip stocks, which are: These companies can drop in and out of the US30 depending on the current economic climate. The US30 is affected by economic data points such as the non-farm payrolls, new foreign trade deals and tariffs imposed on other countries.