Feeds

Dow Jones lumps Web stocks under one banner

But the club doesn't let just anyone in

  • alert
  • submit to reddit

Internet Security Threat Report 2014

After the frenzied activity of online shares, the Dow Jones has created a separate index to track US Internet-related stocks. Dow Jones & Co yesterday launched the Dow Jones Internet Index -- DJII to its friends -- which aims to represent around 80 per cent of the total Internet stock market capitalisation. At the moment, only about 40 companies can make the grade, according to the Dow Jones. The entrance rules are strict. To become part of this elite club companies must make at least half their turnover from the Internet, have been public for a minimum of three months, have had a three-month average market capitalisation of at least $100 million, have an average closing price over $10 and have enough volume to pass liquidity tests. The stocks will be reviewed quarterly. The DJII will have two sub-indices, dealing with Internet commerce stocks and Internet services. The company Web site today stated: "Rather than assembling a grab-bag of stocks that have some connection with the Internet, no matter how little or how vague, Dow Jones has built an equity benchmark index of companies that generate the majority of their revenues from the Internet." There are currently 15 stocks in the Commerce index, from Amazon.com to Yahoo!, and 25 in Services, including AOL and PSINet. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.