With time, the US30 Index grew in popularity and became an indispensable tool for traders seeking to stay on top of the US economy's health. He pioneered the creation of this index as a tool to track the overall performance of the US stock market. Interestingly, the roots of this index can be traced back to the legendary Charles Dow, who was the former editor of the Wall Street Journal. As such, they are highly traded by investors worldwide. These companies are so significant to the US economy that some even describe it as the backbone of the US economy. These companies are very carefully handpicked by professionals from the companies listed on NASDAQ and the New York Stock Exchange. The ‘30’ in ‘US30’ signifies that the index boasts a total of 30 blue-chip giants. The US30 Index is a financial instrument composed of the top US publicly traded companies. ![]() So, let’s find out what the US30 index is and how you can efficiently plan your trades by calculating the profit/loss in advance using a US30 profit calculator. However, by using a US30 profit calculator, you can increase your odds of success. These fluctuations, in turn, can greatly impact pip values, ultimately affecting potential profits/losses. However, tracking the performance of the US30 Index can be gruelling at times due to the constant fluctuations in exchange rates. It is a popular choice of trading for traders around the world. ![]() ![]() The US30 Index is a benchmark of blue chip stocks that provides a snapshot of the US economy.
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