In a departure from ACT's normal coverage, this month we look at stock market growth in the 16 years since the ACT Heavy Equipment Index (HEI) was established. The chart shows daily changes in the markets since the start of 2005, when all four indicators were set at a benchmark of 100. The most striking feature is how much better the tech-heavy NASDAQ has performed in that time, and particularly in the last seven to eight years. A $1 investment made in this market at the start of 2005 would now be worth just under $7, whereas in any of the other indicators it would be about half that.
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