2009-05-12

New Index to Watch

Nasdaq OMX Government Relief Index, of companies receiving more than $1 billion in government relief. It includes these stocks, equally weighted: AIG, BAC, BK, BBT, COF, C, CMA, GM, GS, HBAN, JPM, KEY, MI, MS, NTRS, RF, STT, STI, USB, WFC and ZION. (Hat tip to Minyanville's Depew)

The symbol is QGRI, or ^QGRI if you use Yahoo! Finance.
There's also a European index, EUGR (^EUGR)

Here's a link to a chart comparing the two.

Note that only a 5-day or 1-day chart is available, and there's no historic data on Yahoo's site.

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