I’m pretty sure it does, but I want to make sure before I talk about them as the same…
http://data.cnbc.com/quotes/NYA
The NYSE Composite (NYSE: NYA) is a stock market index covering all common stock listed on the New York Stock Exchange, including American Depositary Receipts, Real Estate Investment Trusts, tracking stocks, and foreign listings. Over 2,000 stocks are covered in the index, of which over 1,600 are from United States corporations and over 360 are foreign listings.
The quoted price or level of any index, whether the Dow or the S&P or the NYSE index, cannot be equated to dollars. Hypothetically, if the S&P 500 index still contained the original 500 stocks listed, you could add up the price of the stocks in the average and divide by 500 and get an average price in dollars. But because of stock splits, delistings and additions to the index over time, a divisor is used to prevent gaps in the price level of the index, and no longer represents an average price of the stocks. It is merely a level in points, from which changes can be measured, to be used as a proxy for the condition of the stock market as a whole.
All it means is that the NYSE was down 26 points for the day (not dollars), for a change of -0.3%.
It translates to the NYSE Composite Index at 7000 points. The NYSE itself is an exchange, not an index, so it cannot have any point values. The NYSE Comp is also not a widely followed index.
References :
The NYSE Composite (NYSE: NYA) is a stock market index covering all common stock listed on the New York Stock Exchange, including American Depositary Receipts, Real Estate Investment Trusts, tracking stocks, and foreign listings. Over 2,000 stocks are covered in the index, of which over 1,600 are from United States corporations and over 360 are foreign listings.
The quoted price or level of any index, whether the Dow or the S&P or the NYSE index, cannot be equated to dollars. Hypothetically, if the S&P 500 index still contained the original 500 stocks listed, you could add up the price of the stocks in the average and divide by 500 and get an average price in dollars. But because of stock splits, delistings and additions to the index over time, a divisor is used to prevent gaps in the price level of the index, and no longer represents an average price of the stocks. It is merely a level in points, from which changes can be measured, to be used as a proxy for the condition of the stock market as a whole.
All it means is that the NYSE was down 26 points for the day (not dollars), for a change of -0.3%.
References :