The Standard and Poor's Index is an industrial average which is based on 30 blue-chip stocks.

Name: The Standard and Poor's Index is an industrial average which is based on 30 blue-chip stocks.
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The Standard and Poor's Index, commonly referred to as the S&P 500, is based on 500 large companies listed on stock exchanges in the United States, not 30. The index based on 30 blue-chip stocks is the Dow Jones Industrial Average (DJIA).

The Standard and Poor's Index Is an Industrial Average Which