Meaning of “benchmark index” in the English Dictionary

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"benchmark index" in Business English

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benchmark indexnoun [ C ]

uk us

STOCK MARKET, FINANCE a set of share prices that is used as the standard for comparing the values of other shares:

The FTSE 100, the benchmark index of Britain’s blue-chip companies, experienced its worst performance since 1984.

(Definition of “benchmark index” from the Cambridge Business English Dictionary © Cambridge University Press)