Nasdaq Composite

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The Nasdaq Composite is a stock market index of all of the stocks listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is the most watched index of the performance of stocks of technology companies and growth companies.^{[citation needed]} Since both U.S. and non-U.S. companies are listed on the NASDAQ stock market, the index is not an exclusively U.S. index.

[edit] History

On July 17, 1995, the index closed above the 1,000 mark for the first time. On March 10, 2000, the index peaked at an intra-day high of 5,132.52, and closed at an all-time high of 5,046; the decline from this peak signaled the beginning of the end of the dot-com stock market bubble.^{[citation needed]} The index declined to half its value within a year, and finally found a bear market bottom on October 10, 2002 with an intra-day low of 1,108.49 after a close of 1,114 the previous day. While the index has gradually recovered since then, reaching a six-year monthly closing high above the 2,400 level on November 30, 2006, and subsequently closing above 2,500 on a daily basis, it still (as of early 2007) trades for less than half of its peak value.

[edit] References

Nasdaq webpage on the composite index

[edit] External links

• Nasdaq Market Indices