(VIANEWS) – NASDAQ Composite (IXIC) is currently on bullish momentum. At 10:48 EST on Tuesday, 4 October, NASDAQ Composite (IXIC) is at 11,161.67, 3.2% up since the last session’s close.
Why is NASDAQ Composite Index Going Up?
The NASDAQ Composite Index is a large index of stocks. The NASDAQ market is a good place to start for investors. You can buy individual stocks from the NASDAQ, then evaluate them separately. As a result, you can narrow your holdings down to the best-performing stocks.
The Nasdaq Composite tracks nearly every company listed on the Nasdaq stock exchange. To be included in the index, stocks must be listed on the Nasdaq market and be common stock of an individual company. Other stocks are not included, including preferred stocks, exchange-traded funds, and limited partnerships.
The NASDAQ Composite is a good choice if you’re interested in gaining broad exposure to the tech industry. Unlike other stocks, NASDAQ shares are more volatile, but they also offer a greater potential reward. When the economy is booming, the Nasdaq Composite can lead the way.
The NASDAQ Composite Index is a highly-followed index in the U.S. and is made up of hundreds of stocks. The index is heavily weighted towards technology companies. It also includes foreign companies. Since it is a large index, it is important to note that some stocks do not qualify for inclusion. A company can be excluded from inclusion if its last sale price is below the minimum index eligibility price.
While the NASDAQ Composite Index is currently on a bull run, it could be in the midst of a tech bubble. It’s possible that the NASDAQ is experiencing the same events as the dot-com bubble did in 2000. After the bubble burst, the economy faced a recession. The DJI/SPX were more affected by the “black swan” event in 1998.
Today’s last reported volume for NASDAQ Composite is 824750598, 87.25% below its average volume of 6472162279.38.
NASDAQ Composite Range
Regarding NASDAQ Composite’s daily highs and lows, it’s 5.52% up from its trailing 24 hours low of $10,577.90 and 2.63% up from its trailing 24 hours high of $10,875.50.
Concerning NASDAQ Composite’s yearly highs and lows, it’s 5.65% up from its 52-week low and 31.15% down from its 52-week high.
NASDAQ Composite’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.04%, a negative 0.37%, and a positive 1.40%, respectively.
NASDAQ Composite’s highest amplitude of average volatility was 2.20% (last week), 1.59% (last month), and 1.40% (last quarter), respectively.
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