Wall Street 30 is the headline US blue chip index. It includes 30 of America’s best known companies including Coca-Cola, ExxonMobil and Nike. Unlike most global indices the Wall Street 30 is not a weighted average of the market capitalisations or free floats, rather the constituent prices. The 30 stocks are chosen by the editors of the Wall Street Journal. Strangely, the biggest US Company by market cap, Apple, is not in it.
|Dealing hours||Sunday 22:00 to Friday 22:00|
|Exchange hours||24 Hours (trading breaks 21:15-21:30 & 22:15-23:00)|
|Out-of-hours spread||2 & 4|
|GTD minimum distance||1.00%|
|Bet type||Daily funded bet|
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bet details in our platform before trading.
The Wall Street was founded by Charles Dow and Edward Jones in 1896. The pair of journalists started out issuing newsletters that eventually became the Wall Street Journal.
Intended as part of their analysis and market research, the index an easy way of showing market watchers the strengths and weaknesses of the American economy. The concept was revolutionary and the Wall Street has become one of the most-watched indices in the world.
Reflecting the booming American economy of the time, the original index was truly industrial in nature. Over the years, however, the 30 strong index has come to be dominated by non-industrial, reflecting the adjustments of the US economy.
In spite of some criticisms over its methodology, the index is keenly watched by analysts and spread bettors alike.
May 26th, 1896: The first Wall Street index is published, featuring 12 giants of the American industrial revolution.
January 12th, 1906: The first close above 100 points as Wall Street finishes the day at 100.25
October 24th, 1929: The Wall Street crash begins. Following the Great Depression it takes 25 years for the index to match its September 1929 high of 381 points.
March 12th, 1956: First close above 500 points as the Wall Street closes at a level of 500.24.
November 14th, 1972: The index reaches 1,000 points for the first time. An estimated 3bn shares are traded during 1972.
January 8th, 1987: The Wall Street tops 2,000 points for the first time, closing at 2,002.25.
October 19th, 1987: In one of the largest one-day falls in its history, the index falls 508 points to 1,738.74, taking 22.6% off its value.
April 17th, 1991: The Wall Street breaches the 3,000 mark for the first time.
February 23rd, 1995: In expectation of interest rates peaking, investors push the index through 4,000 points, closing at 4,003.33.
November 21st, 1995: Continuing a year of large gains, the Wall Street closes at 5,023.54 points and passing the 5,000 threshold for the first time.
October 14th, 1996: Doubling its level of just over five years earlier, the Wall Street closes at 6,010.00.
February 13th, 1997: The growth continues as the index surpasses 7,000 points for the first time.
July 16th, 1997: In just over two years of bumper gains, the Wall Street ends the day’s trading with a value of over 8,000 points.
October 27th, 1997: Fear spreads from the emerging Asian economies to the West’s financial markets. In one of its largest intraday falls, the Wall Street loses 554 points. Trading is halted for 30 minutes due to measures introduced following the 1987 crash. When trading resumes, the index crashes another 500 plus points and trading is suspended for the rest of the day.
October 28th, 1997: Wall Street climbs 337 points to 7,498 as world stock markets rally from the previous day’s losses.
March 29th, 1999: The index breaches 10.000 points as it closes at 10,006.78.
September 11th 2001: The markets shut for 4 days in the aftermath of the terrorist attacks on New York.
September 21st, 2001: Following the 9/11 attacks, uncertainty shakes international markets and the index falls 1,300 points.
December 5th, 2001: As the markets bounce back from September’s lows, the index passes the 10,000 point mark again.
July 23rd, 2002: Enron and a number of corporate scandals rock trader feeling. The Wall Street slumps to a level of 7,702 points.
October 3rd 2006: The index hits a new high of 11,727 points, making up for the losses since 2000.
July 19th, 2007: The Dow Jones passes the 14,000 point mark, closing at 14,000.41.
September 29th, 2008: Fear spreads to the markets following the collapse of Lehman Brothers. Stocks plummet in the largest single day drop in history, closing 777.68 points down.
October 6th – 10th 2008: The largest point decline in a week, as the index shed 8,451.19 points from its value.
June 8th, 2009: General Motors, one of the big-name losers of the financial crisis, enters bankruptcy and exits the index.
February 1st, 2013: The Wall Street reaches 14,000 points for the first time since the financial crisis.
December 23rd, 2014: Smashing the 18,000 point mark the index closes at 18,024.17.
August 24th, 2015: Stocks crash by 1,089 points, the worst intraday drop ever.
The one remaining constituent is General Electric, though no company managed to continuously remain on the index.
The youngest company on the index is Cisco, making its debut just over 30 years ago.
The average Wall Street component is 111 years old.
The oldest company on the index is Du Pont, originally a gunpowder producer but now one of the largest companies in the world. In the American Civil War the company supplied over half the powder used by the Union army.
The Wall Street 30 isn’t actually an average. When the index was expanded to 30 components in 1928, the Dow Divisor was created. This means that a change a stock split or a component dropping out of the Wall Street doesn’t have an effect on the index.
Trading the Wall Street 30 with Core Spreads mirrors the fluctuations of the underlying DOW without needing to buy shares. Spread betting the Wall Street 30 allows you to profit, or incur losses, whichever way the markets move at a razor-thin, fixed spread of 2 points.
Spread betting the Wall Street 30 is as straightforward as our charges. For instance, you place a £1 a point buy trade at a bid-offer spread of 15786 - 15788 and the markets rise by 100 points to a bid-offer spread of 15886 – 15888 . At this point you decide to sell, closing your trade at 15886 points, giving you a profit of £98 (15788 – 15886 = 98 and 98 x £1).
Conversely, the markets fall 100 points and you decide to close your trade at a bid-offer spread of 15686 – 15688, incurring a loss of £102 (15788 – 15686 = 102 and 102 x £1).
You can spread bet the Wall Street 30 and thousands of other instruments by signing up for an account here.