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Stock exchange party: AEX is rising to its highest point since 2001

The AEX is a global and professional digital asset exchange platform, including information, exchange, and financial services. It also provides digital asset exchange and blockchain technology services. It is operated by Bit World Investments Limited. Investors had a great day as stock prices were rising and the AEX index reached the highest point since 2001. It was just above 587 points.

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This picture show some stock exchange data,

It’s a great day for investors, as stock prices are rising and the AEX index is at its highest point in over 18 years.

The midcap index is even at an all-time high. The U.S. economy is still doing well, given the fact that many more jobs were created than expected.

Optimism

Business figures are not disappointing, the economy is not doing as badly as feared and yet the Fed, the U.S. central bank, has lowered interest rates. 

Moreover, there is “hope for a trade deal between the U.S. and China, while a Brexit without a deal is also briefly off the table,” explains stock market commentator Durk Veenstra.

Last Friday, the broad American S&P 500 index and technology index Nasdaq already closed at its highest-ever final score.

The AEX

The AEX index was just above 587 points and this is more than the highest level of 586,32 points achieved at the end of July.

The highest end of the year so far is somewhat lower: at 583.83 points, which was reached on Oct. 25. If we close around the current level, then the AEX will also be the highest end of the year.

Last week the AEX also seemed to be a little above the previous level, but that didn’t work out in the end.

The mid-cap index of medium-sized listed companies is also doing well. It is above 881 points and that is actually the highest point ever. The previous high was 878.97 points, which was reached last Monday.

Wall Street

There is also a party on the U.S. stock exchanges. The American Dow Jones index is rising to its highest level ever. The broad S&P 500 index and the Nasdaq, which contains many technology stocks, are also on the rise.

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The last two set an all-time high last Friday, but are breaking those records today.

This picture show some stock prices.
It’s a great day for investors, stock prices are rising and the AEX index is at its highest point in over 18 years. (Source)

701 points

The AEX index is not yet at its highest point ever, which was reached on Sept. 4, 2000, when the AEX ended at 701.56 points.

One day later, intraday even reached a score of 703.18 points. We are now 20% below that.

AEX calculated differently from S&P

The fact that the Amsterdam AEX index has not yet reached the highest level ever is mainly due to the fact that the AEX index differs from the S&P 500, which is a reinvestment index.

This means that the calculation is based on the assumption that dividends received are reinvested in shares from that index. This is not the case with the AEX.

The Nasdaq is not a reinvestment index either, but profits from technology funds have risen faster than those of other listed companies.

On the Dow Jones index, there’s a lot to be said about, that’s how you can describe it as a worthless index.

A striking feature of the AEX is that only four listed companies are so large that they determine about half of the index. These are Shell, Unilever, ING, and ASML.

If you are interested in finding more reliable information about stock exchanges and stock markets, there are several business applications that will keep you up to date. Take a look at this business application and you will always be informed about the latest news in this field.

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(Featured image by Burak K via Pexels)

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Leah Marie Angelou is an LGBTI activist and equality advocate. She has been a writer for several feminism-focused groups for nearly a decade. Her pieces are often focused on career development and the workplace. She also regularly covers personal and micro-finance, business management and entrepreneurship. Recently she has also focused on covering the promising CBD and hemp industry.

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