Sorry if this is a dumb question, but why did business news channels pick the tickers in question rather than just looking at total market indices?
Wouldn’t the latter provide a better representation of what the entire economy is doing as they represent the total market weighted performance?
While I understand the S&P500 is a close indicator for US stock market performance, NASDAQ composite provides the performance of the tech space and DJIA tracks a small set of the top companies, I never understood why cable networks can’t just keep it simple.
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