The Standard & Poor's indexes are all based on market values which consider the number of shares outstanding.

Name: The Standard & Poor's indexes are all based on market values which consider the number of shares outstanding.
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The Standard & Poor's indexes, including the S&P 500 and the S&P 100, are based on market values which are calculated using the total number of outstanding shares of each company included in the index.

The Standard & Poor's Indexes Are All Based on Market