Blue Chip (stock Market)
According to the New York Stock Exchange, a blue chip is stock in a corporation with a national reputation for quality, reliability, and the ability to operate profitably in good times and bad. The most popular index which follows U.S. blue chips is the Dow Jones Industrial Average. The Dow Jones Industrial Average is a price-weighted average of 30 blue-chip stocks that are generally the leaders in their industry. It has been a widely followed indicator of the stock market since October 1, 1928.
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Famous quotes containing the words blue and/or chip:
“So as to comprehend that the sky is blue everywhere one doesn’t need to travel around the world.”
—Johann Wolfgang Von Goethe (1749–1832)
“Look Johnny, Spig just joined the Navy. I’m married to it. I run the mess hall. I swab the deck. I chip the rust. You’re afraid that they’ll kick Spig out of the Navy. I’m afraid that they won’t.”
—Frank Fenton, William Wister Haines, co-scenarist, and John Ford. Minne Wead (Maureen O’Hara)