We have so far explored what the S&P 500 index and Dow Jones Industrial Average mean.
Now, let’s look at another term that you might have chanced upon while reading up on the stock market news.
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And that is, the Nasdaq.
So, what exactly is the Nasdaq all about?
Yes, ma’am.
The Nasdaq can refer to one of two things: Either the stock exchange or the Nasdaq Composite Index of the US.
The stock exchangeNasdaq, initially an acronym for National Association of Securities Dealers Automated Quotations, is one of the two major stock exchanges in the US market.
The other being the New York Stock Exchange (NYSE).
Started in 1971, Nasdaq became the first electronic exchange that allowed people to invest in stocks in a computerised manner.
That is, without the need for a physical trading floor.
