Illinois Technology Index Shows Stronger Performance in Turbulent Economy
OAKBROOK TERRACE, Ill., Jan. 7 /PRNewswire/ -- AeA, the nation's largest high-tech trade association representing all segments of the high-tech industry, announced today that the NASDAQ OMX AeA Illinois Tech Index (Nasdaq: ILTI) outperformed the Dow Jones Industrial Average (.INDU), S&P 500, and NASDAQ Composite Index(R) (COMP) since its inception in 2008.
On May 19, 2008, AeA and The NASDAQ Stock Market, a subsidiary of the NASDAQ OMX Group, Inc, officially unveiled the NASDAQ OMX AeA Illinois Tech Index, the first state-wide public technology index in the US, developed to promote Illinois' leading technology companies and outstanding technology resources. The index is a public-private partnership supported by the Illinois Department of Commerce and Economic Opportunity, Grant Thornton LLP, Baker & McKenzie, and the Illinois Biotechnology Industry Organization (iBIO) and tracks all public companies headquartered in Illinois from major sectors including high tech manufacturing, information technology, biotech, alternative fuels, and life sciences.
The NASDAQ OMX AeA Illinois Tech Index is a market capitalization-weighted index that began with a base value of 1000.00. As of December 31, 2008, the index value decreased in value to 728.92, a net change of -27.11%, and outperformed the Dow Jones Industrial Average (.INDU), S&P 500, and NASDAQ Composite Index (COMP).
NASDAQ OMX AeA Illinois Tech Index (ILTI) 728.92, net change of -27.11% Dow Jones Industrial Average (.INDU) 8,776.39, net change of -32.42% S&P 500 (SPX) 903.25, net change of -36.63% NASDAQ Composite Index (COMP) 1,577.03, net change of -37.64%
As of Decem
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