NEW YORK (CNNMoney.com) — Dow Jones & Co. is looking to sell its stock-market index business, according to The Wall Street Journal.Dow Jones, which was purchased by News Corp. (NWS, Fortune 500) in 2007, owns a basket of stock market indexes, each of which average a group of stocks to determine market trends.
The best known of all the indexes is the Dow Jones industrial average. The group of 30 stocks, often referred to as “the Dow,” is one of the most commonly used major indicators for blue-chip stocks like Alcoa (AA, Fortune 500), Home Depot (HD, Fortune 500), Caterpillar (CAT, Fortune 500) and Microsoft (MSFT, Fortune 500) among others. But, if sold, the index could bear the name of its new owner.
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