IXIC: NASDAQ Composite – Stock Price, Quote and News

The NASDAQ Composite Index, or IXIC as it is sometimes referred to, is a stock market index. It follows the performance of more than 3,000 stocks traded on the NASDAQ exchange. Particularly among investors in technology businesses, it is one of the most watched indices globally. This article will examine the NASDAQ Composite Index in depth, covering its make-up, technique for calculation, past performance, and relevance to the financial markets.
Current price of IXIC 13,689.57 which is relatively 93.25 (-0.68%) down . Also, Volume 2,922,802,760
Within a 52 week range of 10,088.83 – 13,864.06

Stocks in NASDAQ Composite

The stocks in the NASDAQ Composite Index come from a wide range of industries, although those in the technology sector make up the bulk of the index. All equities listed on the NASDAQ exchange, regardless of market capitalization. The index tracks companies across a wide range of industries. It includes IT, consumer discretionary, healthcare, telecommunications, and more. The index’s components go skyrocket and rebalanced on a regular basis to account for market fluctuations.

Methodology for Computing The NASDAQ Composite Index

Each stock’s weight in the index depends on its market capitalization, which is the total amount of money the stock is currently worth. To get the index value, the stock prices of the components are multiple of the number of outstanding shares of those stocks. And the resulting market value is then divided by the divisor. Stock splits, dividends, and other company events that could affect the index result in periodic adjustments to the divisor.

History

The NASDAQ Composite Index has a long and illustrious history. During which it has experienced both great volatility and rapid expansion. It is a proxy for the health of the technology industry due to the high proportion of IT stocks it contains. The dot-com bubble that burst in the late 1990s and early 2000s is a pivotal moment in the history of the index. On February 12, 2020, the index hit a record high of 9,838.37, but it dropped significantly during the COVID-19 pandemic. Yet, it quickly recovered, and successive years saw record growth.

Importance to the Financial System

The NASDAQ Composite Index is a key indicator of the health of the financial system in the United States and around the world. It’s a measure of the health of the tech industry, which has become a major driver of the global economy in recent years. Many market participants monitors the index . Market participants include investors, analysts, and fund managers. They use it as a barometer of the technology industry’s and the market’s health. Exchange-traded funds (ETFs) and index funds use the index as their foundation. Also, giving investors access to a basket of equities listed on the NASDAQ.
Considering the index’s prominence and the vital role that technology firms play in the modern economy. The NASDAQ Composite Index can have a significant effect on market mood. Large shifts in the indexcan affect the larger market and investor confidence.. Sustained periods of rise can create confidence and bullish mood. Whereas,sharp losses or corrections in the index may lead to heightened market volatility. Thus, the NASDAQ Composite Index is constantly watched for clues as to the market’s general direction.

Conclusion

The NASDAQ Composite Index (IXIC) shows the market performance of more than 3,000 stocks traded on the NASDAQ stock market. The index’s narrow concentration on tech giants has made it an indispensable barometer of the industry as a whole. The dynamics of the market and the economy as a whole can be better understood by investors and market observers. They take the time to familiarize themselves with the NASDAQ Composite Index and its components.