Chart of the week: US stocks are getting older

The average age of firms listed in the US has been rising for three decades. It’s now 20 years, twice the figure seen in the 1990s dotcom craze.

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"Certain adjectives come to mind in describing the US stockmarket," say Sarah Ponczek and Reade Pickert on Bloomberg. "Sprawling, resilient and diverse." But another suitable one is "old". The average age of firms listed in the US has been rising for three decades. It's now 20 years, twice the figure seen in the 1990s dotcom craze.

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