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Officially, the revamped indexes will be phased in, beginning in November and concluding in May 2002.
Mr. McManus predicts that the major averages will rise about 5percentt, while broader indexes will be nearly flat.
In June, provisional indexes will be published, reflecting the expanded coverage and the free-float basis of calculation.
The Week Ahead: Inflation, Sales, Manufacturing Both consumer and producer price indexes will be released, showing us whether inflation has increased.
The older, more established companies that make up the broader market indexes will be hurt by rising interest rates, investors believe, because these companies' borrowing costs may rise substantially.
Figures for last month's sales of existing homes are due out tomorrow and for new homes on Thursday, while the latest store sales, plus two consumer-confidence indexes, will be reported tomorrow.
Similar(42)
500 index will be off for five of the last six months.
By midsummer, he projects that the the S.& P. 500 index will be comfortably above 1,600.
All quantitative data collected for the index will be freely available for re-analysis and exploration.
This index will be produced monthly by the ONS and published by the Land Registry.
But they acknowledge that figuring out how their policies affect that index will be a challenge.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com