Nasdaq Composite Index
A market-capitalization weighted index of the more than 3,000 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depository receipts, common stocks, real estate investment trusts (REITs) and tracking stocks. The index includes all Nasdaq listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debentures.
Investopedia Commentary
Unlike other market indexes, the Nasdaq composite is not limited to companies that have U.S. headquarters. It is very common to hear that the closing price of the Nasdaq Composite Index reported in the financial press, or as a component of the evening news.
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See also: Dealer's Market, Dow Jones Industrial Average, Index, Market Capitalization, Nasdaq, QQQQ, Weighted
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Nasdaq Composite Index
- An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed issue. The Index was initiated in 1971 with a base of 100. Specialized industry indexes are also published.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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