The Nasdaq Composite is a stock market index of all of the common stocks and similar securities (e.g. ADRs, tracking stocks, limited partnership interests) listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. as an indicator of the performance of stocks of technology companies and growth companies. 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. A comparison of three major stock indices: the NASDAQ Composite, Dow Jones Industrial Average, and S&P 500. ... Common stock, also referred to as common shares, are, as the name implies, the most usual and commonly held form of stock in a corporation. ... An American Depositary Receipt (ADR) is how the stock of most foreign companies trades in United States stock markets. ... A parent company can issue a tracking stock for a subsidiary. ... A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs), there are one or more limited partners (LPs). ... NASDAQ in Times Square, New York City. ...

History

The NASDAQ Composite from 1971 until today

The NASDAQ composite, shown here in green, has had larger swings than other indices. Since the NASDAQ is heavy in tech companies, the dot-com bust devastated it.

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 gradually recovered since then, it did not trade for more than half of its peak value until May 2007. The NASDAQ Composite closed above the 2,700 point level for the first time since February 1, 2001 with a 50-point gain on July 12, 2007. Image File history File links This is a lossless scalable vector image. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links This is a lossless scalable vector image. ... The dot-com bubble was a speculative bubble covering roughly 1995–2001 during which stock markets in Western nations saw their value increase rapidly from growth in the new Internet sector and related fields. ... July 17 is the 198th day of the year (199th in leap years) in the Gregorian calendar. ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... March 10 is the 69th day of the year (70th in leap years) in the Gregorian calendar. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... The dot-com bubble was a speculative bubble covering roughly 1995–2001 during which stock markets in Western nations saw their value increase rapidly from growth in the new Internet sector and related fields. ... A bear market is a prolonged period of time when prices are falling in a financial market. ... October 10 is the 283rd day of the year (284th in leap years). ... For album titles with the same name, see 2002 (album). ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... February 1 is the 32nd day of the year in the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ... is the 193rd day of the year (194th in leap years) in the Gregorian calendar. ...

References

Nasdaq webpage on the composite index

External links

• Yahoo! Finance page for ^IXIC
• Bloomberg page for CCMP:IND
• Nasdaq Market Indices
• Nasdaq site listing the components of the index