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Nasdaq became a formalized market in 1971. The name used to stand for “National Association of Securities Dealers Automated Quote” system, but now it’s simply “NASDAQ” (as if it’s name like Ralph or Eddie). Nasdaq indexs are similar to other indexes in style and structure. The only difference is that, well they cover companies trade on Nasdaq. The Nasdaq have two index (both reported in the financial pages):
Most frequently quoted on the news, the Nasdaq Composite Index covers the more than 5000 companies that trade Nasdaq. The companies encompass variety of industries, but the index’s concentration has primarily been technology, telecom, and Internet industries. The Nasdaq Composite Index hit an all-time high of 5048 in March 2000 before the worst bear market in its history occurred. The index dropped a whopping 60 percent by 2003 to approximately 2000.
Nasdaq 100 Index:
The Nasdaq 100 tracks the 100 largest companies in Nasdaq. This index is for investors who want to concentrate on the largest companies, which tend to be especially weighted in technology issues, which means it provides extra representation of technology related companies such as Microsoft, Adobe, and Symantec.
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