Is the S&P 500 Rigged?

Number 18552
Subject Stocks And Bonds
Source Money Magazine
State NY
Year 2001
Publication Date July
Summary Money Magazine reveals that in the late 1990s the committee that designs the Standard&Poor's 500-stock index "began making dozens of highly subjective, often damaging changes to the index." The changes, which occurred without warning or precedent, cost American investors about $100 billion. The story sheds light on how the S&P committee works, and reveals that it is "probably the most powerful - and secretive - force in the U.S. stock market." The report lists the 10 biggest losers in the S&P 5000 as of the end of 2000.
Category Contest Entry
Pages 8
Keywords mutual funds;business;investors;corporations;finances;Novell;Yahoo;Compuware;Sapient;BMC Software;Lucent;Adaptec;Broadvision;Conexant;Dow Jones Industrial Average;NASDAQ 100;P/E
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