The Associated Press reports that Dow Jones & Co. is starting a global Dow Jones index to complement its industrial index of top U.S. stocks.
The AP wrote, “The Global Dow will track the performance of a diverse basket of stocks, including companies from emerging markets, like India, and emerging industries, like alternative energy.
“Wall Street Journal editors will select the components of the Global Dow, as they now do with the Dow Jones Industrial Average, which tracks thirty of the largest public companies in the United States.
“‘While we must reflect the global stock market as it is, we must also recognize the rapid rise of companies in countries such as India,’ Robert Thomson, managing editor of The Wall Street Journal said in a statement. ‘We have already seen great Indian companies acquiring famous brands such as Jaguar and Land Rover, but these developments are just the beginning of a long-term trend that will fundamentally change the international corporate landscape.'”
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