Brazil's economy could be growing at a pace of 2 percent in annualized terms by year-end, reflecting drastic corporate debt-reduction efforts and slowing inflation that is spurring spending, Finance Minister Henrique Meirelles said on Saturday.Household spending has given a surprising boost to Brazil's economic recovery after a dramatic slowdown in inflation, Central Bank President Ilan Goldfajn told Folha de S.
Over the years, stock splits, spin-offs, and other events have resulted in changes in the divisor, making it a very small number (less than 0.2).
The DJIA represents about a quarter of the value of the entire U. stock market, but a percent change in the Dow should not be interpreted as a definite indication that the entire market has dropped by the same percent.
Similarly, Indexes are also the benchmarks that actively managed mutual funds use as bases.
The exchange traded funds follow the MSCI indexes while the mutual funds try to outperform them by picking better stocks.
Like other indexes, such as the Dow Jones Averages or the S&P 500, it tracks the performance of the stocks included in the index.