1. What is the NASDAQ Index?

NASDAQ (National Association of Securities Dealers Automated Quotations), also known as the Nasdaq, the US Science and Technology Index, is the English abbreviation of the name of the automatic quotation system created by the National Association of Securities Dealers in 1968. Nasdaq is characterized by the collection and release of quotes from securities firms that sell OTC non-listed stocks. It is now one of the largest stock exchange markets in the world. There are currently more than 5,200 listed companies. NASDAQ is the world's first electronic trading market with more than 260,000 computer sales terminals in 55 countries.

2. Basic introduction

The Nasdaq Composite Index is an average stock price index that reflects changes in the Nasdaq Stock Market. The basic index is 100. NASDAQ's public companies cover all new technology industries, including software and computing, telecommunications, biotechnology, retail and wholesale trading. It is made up of hundreds of the fastest growing advanced technology, telecommunications and bio companies in the United States, including Microsoft, Intel, AOL, and Yahoo, which are well-known high-tech companies, and thus become synonymous with the US "new economy."

The Nasdaq Composite Index is a barometer of changes in the market value of various industrial sectors. Therefore, the Nasdaq Composite Index is more comprehensive than the Standard & Poor's 500 Index and the Dow Jones Industrial Index (which includes only 30 well-known large industrial and commercial companies, 20 transportation companies and 15 utility companies). The Nasdaq Composite Index includes more than 5,000 companies, more than any other single securities market. Because it has such a broad base, it has become one of the most influential securities market indices.

On February 8, 1971, stock exchanges revolutionized. On that day, a system called Nasdaq (Nasdaq National Bond Dealer Automated Quotation) provided real-time buy and sell quotes for 2,400 premium over-the-counter (OTC) stocks. In the past, these stock quotes not listed on the Main Board were provided by major traders and broker companies with detailed lists. Nasdaq links the terminals of more than 500 market makers across the country, forming the center of the computer system.

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