diff --git "a/0f2505e7-df78-4df9-aa7f-b060e5848e0f.json" "b/0f2505e7-df78-4df9-aa7f-b060e5848e0f.json" new file mode 100644--- /dev/null +++ "b/0f2505e7-df78-4df9-aa7f-b060e5848e0f.json" @@ -0,0 +1,40 @@ +{ + "interaction_id": "0f2505e7-df78-4df9-aa7f-b060e5848e0f", + "search_results": [ + { + "page_name": "How Do Stock Exchanges Work? | Nasdaq", + "page_url": "https://www.nasdaq.com/education/where-does-this-all-happen-on-an-exchange", + "page_snippet": "Every stock exchange writes its own rules for corporations that want to trade their stock there. These rules can include how long the company has existed, how many shares are held publicly, and how much net income the company reports. Because the Nasdaq is open to listing smaller, newer companies ...Every stock exchange writes its own rules for corporations that want to trade their stock there. These rules can include how long the company has existed, how many shares are held publicly, and how much net income the company reports. Because the Nasdaq is open to listing smaller, newer companies than the NYSE, most U.S. IPOs are launched there. At the same time, each exchange must follow rules set by a larger governing body\u2014in the United States, that would be the Securities and Exchange Commission (SEC). These rules can include how long the company has existed, how many shares are held publicly, and how much net income the company reports. Because the Nasdaq is open to listing smaller, newer companies than the NYSE, most U.S. IPOs are launched there. At the same time, each exchange must follow rules set by a larger governing body\u2014in the United States, that would be the Securities and Exchange Commission (SEC). ... Add symbols now or see the quotes that matter to you, anywhere on Nasdaq.com. Start browsing Stocks, Funds, ETFs and more asset classes. Stock exchanges are particular networks within the broader stock market where stockbrokers meet. Exchanges provide companies with the opportunity to grow and flourish in the United States and around the world. Nasdaq, the first electronic stock exchange, was founded in 1971. With a focus on technology and innovation, Nasdaq grew to become the most active exchange in the U.S. Today, it\u2019s home to many major companies that have literally changed the way we live \u2013 think Google (GOOG, GOOGL), Amazon (AMZN), Netflix (NFLX), and many more.", + "page_result": "\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n How Do Stock Exchanges Work? | Nasdaq\n \n\n\n \n \n \n \n \n \n\n\n\n\n\n\n\n\n\n\n\n \n \n \n \n \n \n \n\n \n \n
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How Do Stock Exchanges Work?

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Stock exchanges are particular networks within the broader stock market where stockbrokers meet. Exchanges provide companies with the opportunity to grow and flourish in the United States and around the world.

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Nasdaq, the first electronic stock exchange, was founded in 1971. With a focus on technology and innovation, Nasdaq grew to become the most active exchange in the U.S. Today, it\u2019s home to many major companies that have literally changed the way we live \u2013 think Google (GOOG, GOOGL), Amazon (AMZN), Netflix (NFLX), and many more. On any given day, more than 2 billion shares are traded on the Nasdaq, from more than 4,000 listings with a market value of approximately $12 trillion.

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Downtown from Nasdaq's Times Square headquarters sits the New York Stock Exchange, which was founded in 1792. Unlike Nasdaq, the NYSE is only partially electronic: some business is still conducted every day by human traders on the floor.

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Both Nasdaq and the NYSE are publicly traded companies\u2014on their own exchanges.

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Every stock exchange writes its own rules for corporations that want to trade their stock there. These rules can include how long the company has existed, how many shares are held publicly, and how much net income the company reports. Because the Nasdaq is open to listing smaller, newer companies than the NYSE, most U.S. IPOs are launched there. At the same time, each exchange must follow rules set by a larger governing body\u2014in the United States, that would be the Securities and Exchange Commission (SEC).

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    \n\n \n\n\n", + "page_last_modified": "" + }, + { + "page_name": "What is Nasdaq Stock Exchange? What Does Nasdaq Stand For? | The ...", + "page_url": "https://www.fool.com/investing/stock-market/exchange/nasdaq/", + "page_snippet": "The Nasdaq is the second largest stock exchange in the world, listing over 3,000 securities, including most tech companies. Learn to use the Nasdaq to invest.More recently there's been a wave of consolidation among exchanges, and in 2008 the Nasdaq Stock Market merged with Scandinavian exchange operator OMX ABO. The resulting company was called Nasdaq OMX Group, and was renamed simply Nasdaq (NDAQ 1.69%) in 2015. In addition to continuing to run the Nasdaq, the company also oversees its Nasdaq Nordic markets in Denmark, Sweden, Finland, Iceland, Armenia, and the Baltic States. In addition to stocks, Nasdaq-operated exchanges also enable investors to trade in bonds, commodities, exchange-traded funds, and other more sophisticated investments. In addition to continuing to run the Nasdaq, the company also oversees its Nasdaq Nordic markets in Denmark, Sweden, Finland, Iceland, Armenia, and the Baltic States. In addition to stocks, Nasdaq-operated exchanges also enable investors to trade in bonds, commodities, exchange-traded funds, and other more sophisticated investments. The biggest stock exchange in the world has a long history. In addition to stocks, Nasdaq-operated exchanges also enable investors to trade in bonds, commodities, exchange-traded funds, and other more sophisticated investments. The biggest stock exchange in the world has a long history. These stocks don't trade on the major exchanges but may still have a place in your portfolio. The Nasdaq Stock Market is generally open on weekdays from Monday to Friday, and is closed on Saturday and Sunday. The Nasdaq Stock Market is the second-largest stock exchange in the world, and it plays a vital role in incorporating technology into the trading process. The Nasdaq provides an alternative to the New York Stock Exchange for companies that want to list their stocks on a U.S.-based stock exchange.", + "page_result": "\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n What is Nasdaq Stock Exchange? What Does Nasdaq Stand For? | The Motley Fool\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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    What is the Nasdaq Stock Exchange?

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    \nBy\nDan Caplinger \u2013\nUpdated\nNov 9, 2023 at 2:02PM\n
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    The Nasdaq Stock Market, or simply Nasdaq, is the second-largest stock exchange in the world for investors looking to buy and sell shares of stock. Nasdaq was initially an acronym, NASDAQ, which stands for the National Association of Securities Dealers Automated Quotations. It opened on Feb. 8, 1971, providing automated information about stock prices that investors could use to trade stocks on other exchanges. Eventually the Nasdaq became the world's first electronic stock market, taking over trading for many stocks that had previously traded in places other than formal stock exchanges. Now the Nasdaq has formal listing requirements that companies have to meet in order to list their shares on its stock exchange. The Nasdaq has become the largest global exchange to rely solely on electronic trading.

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    Some investors also use the term the Nasdaq to refer to the Nasdaq Composite Index, an index of the stocks listed on the Nasdaq Stock Market.

    Many of the world's largest businesses are among the more than 3,000 companies that list their shares on the Nasdaq. In part because of the way the Nasdaq has embraced technological innovation in its trading platform, the stock exchange has attracted many of the world's leading companies in technology, as well as companies in other cutting-edge industries like biotechnology. Here are a few of the companies that trade on the Nasdaq:

    Nasdaq History

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    The Nasdaq was established to provide an electronic alternative to the prevailing structure of stock exchanges, which involved having live traders on a trading floor to collect and execute orders to buy and sell shares of stock. However, the Nasdaq didn\u2019t initially have investors directly trading any stocks. Instead it used an automated information-gathering process to provide the latest prices for stock trades conducted elsewhere. From there the Nasdaq got more involved in the trading of stocks that weren't listed on the New York Stock Exchange or other established stock exchanges. These stocks, known as over-the-counter stocks, became the Nasdaq's first focus, and some investors still refer to the Nasdaq as an over-the-counter market.

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    As technology has advanced, the Nasdaq has created automated trading systems that not only match up orders from buyers and sellers but also provide the summary data and reporting required of all stock exchanges. Once the internet came into being, the Nasdaq became the first stock exchange with its own website, and it was the first to allow online trading. The Nasdaq has also embraced cloud computing, using cloud-based solutions to store required regulatory documentation and other data.

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    More recently there's been a wave of consolidation among exchanges, and in 2008 the Nasdaq Stock Market merged with Scandinavian exchange operator OMX ABO. The resulting company was called Nasdaq OMX Group, and was renamed simply Nasdaq (NDAQ 1.49%) in 2015. In addition to continuing to run the Nasdaq, the company also oversees its Nasdaq Nordic markets in Denmark, Sweden, Finland, Iceland, Armenia, and the Baltic States. In addition to stocks, Nasdaq-operated exchanges also enable investors to trade in bonds, commodities, exchange-traded funds, and other more sophisticated investments.

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    Other Major Exchanges

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    \nNYSE\n

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    The biggest stock exchange in the world has a long history.

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    \nOTC Markets\n

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    These stocks don't trade on the major exchanges but may still have a place in your portfolio.

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    What are Nasdaq trading hours?

    The Nasdaq Stock Market is generally open on weekdays from Monday to Friday, and is closed on Saturday and Sunday. Nasdaq trading begins at 9:30 a.m. Eastern time. The regular session continues for six and a half hours and closes after the closing bell rings at 4 p.m. Eastern time.

    However, the Nasdaq also gives traders the chance to participate in special sessions before the regular session begins and after it ends. Premarket trading hours run from 4 a.m. to 9:30 a.m. Eastern time each weekday. After-market hours start at 4 p.m. and run through 8 p.m. Eastern time Monday through Friday.

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    The Nasdaq closes for the following holidays:

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    \nHoliday\n\n2021 Date\n
    \nNew Year's Day\n\nFri., Jan. 1\n
    \nMartin Luther King Day\n\nMon., Jan. 18\n
    \nWashington's Birthday\n\nMon., Feb. 15\n
    \nGood Friday\n\nFri., Apr. 2\n
    \nMemorial Day\n\nMon., May 31\n
    \nIndependence Day\n\nMon., July 5 (observed)\n
    \nLabor Day\n\nMon., Sep. 6\n
    \nThanksgiving Day\n\nThurs., Nov. 25\n
    \nChristmas Day\n\nSat., Dec. 25\n
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    Source: Nasdaq Stock Market

    The Nasdaq also closes early, at 1 p.m. Eastern time, on the Friday after Thanksgiving, and on Christmas Eve if it falls on a weekday and if the regular Christmas holiday is observed on Dec. 25.

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    The Nasdaq Stock Market is the second-largest stock exchange in the world, and it plays a vital role in incorporating technology into the trading process. The Nasdaq provides an alternative to the New York Stock Exchange for companies that want to list their stocks on a U.S.-based stock exchange. With a long history of innovation, the Nasdaq should continue to help investors for years to come.

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    FAQs

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    What is the NASDAQ exchange?

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    The Nasdaq Stock Market, or simply Nasdaq, is the second-largest stock exchange in the world for investors looking to buy and sell shares of stock. Nasdaq was initially an acronym, NASDAQ, which stands for the National Association of Securities Dealers Automated Quotations.

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    What are NASDAQ trading hours?

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    The Nasdaq Stock Market is generally open on weekdays from Monday to Friday, and is closed on Saturday and Sunday. Trading begins at 9:30 a.m. EST. The regular session continues for six and a half hours and closes at 4 p.m. EST.

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    \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n", + "page_last_modified": "" + }, + { + "page_name": "What is Nasdaq Stock Exchange? What Does Nasdaq Stand For? | The ...", + "page_url": "https://www.fool.com/investing/stock-market/exchange/nasdaq/", + "page_snippet": "The Nasdaq is the second largest stock exchange in the world, listing over 3,000 securities, including most tech companies. Learn to use the Nasdaq to invest.More recently there's been a wave of consolidation among exchanges, and in 2008 the Nasdaq Stock Market merged with Scandinavian exchange operator OMX ABO. The resulting company was called Nasdaq OMX Group, and was renamed simply Nasdaq (NDAQ 1.69%) in 2015. In addition to continuing to run the Nasdaq, the company also oversees its Nasdaq Nordic markets in Denmark, Sweden, Finland, Iceland, Armenia, and the Baltic States. In addition to stocks, Nasdaq-operated exchanges also enable investors to trade in bonds, commodities, exchange-traded funds, and other more sophisticated investments. In addition to continuing to run the Nasdaq, the company also oversees its Nasdaq Nordic markets in Denmark, Sweden, Finland, Iceland, Armenia, and the Baltic States. In addition to stocks, Nasdaq-operated exchanges also enable investors to trade in bonds, commodities, exchange-traded funds, and other more sophisticated investments. The biggest stock exchange in the world has a long history. In addition to stocks, Nasdaq-operated exchanges also enable investors to trade in bonds, commodities, exchange-traded funds, and other more sophisticated investments. The biggest stock exchange in the world has a long history. These stocks don't trade on the major exchanges but may still have a place in your portfolio. The Nasdaq Stock Market is generally open on weekdays from Monday to Friday, and is closed on Saturday and Sunday. The Nasdaq Stock Market is the second-largest stock exchange in the world, and it plays a vital role in incorporating technology into the trading process. The Nasdaq provides an alternative to the New York Stock Exchange for companies that want to list their stocks on a U.S.-based stock exchange.", + "page_result": "\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n What is Nasdaq Stock Exchange? What Does Nasdaq Stand For? | The Motley Fool\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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    \n\nInvesting\n\n>\n\nStock Market\n\n>\n\nExchange\n\n>\n\nNasdaq\n\n
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    What is the Nasdaq Stock Exchange?

    \n
    \nBy\nDan Caplinger \u2013\nUpdated\nNov 9, 2023 at 2:02PM\n
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    The Nasdaq Stock Market, or simply Nasdaq, is the second-largest stock exchange in the world for investors looking to buy and sell shares of stock. Nasdaq was initially an acronym, NASDAQ, which stands for the National Association of Securities Dealers Automated Quotations. It opened on Feb. 8, 1971, providing automated information about stock prices that investors could use to trade stocks on other exchanges. Eventually the Nasdaq became the world's first electronic stock market, taking over trading for many stocks that had previously traded in places other than formal stock exchanges. Now the Nasdaq has formal listing requirements that companies have to meet in order to list their shares on its stock exchange. The Nasdaq has become the largest global exchange to rely solely on electronic trading.

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    Image source: The Motley Fool
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    Some investors also use the term the Nasdaq to refer to the Nasdaq Composite Index, an index of the stocks listed on the Nasdaq Stock Market.

    Many of the world's largest businesses are among the more than 3,000 companies that list their shares on the Nasdaq. In part because of the way the Nasdaq has embraced technological innovation in its trading platform, the stock exchange has attracted many of the world's leading companies in technology, as well as companies in other cutting-edge industries like biotechnology. Here are a few of the companies that trade on the Nasdaq:

    Nasdaq History

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    \n
    \n

    The Nasdaq was established to provide an electronic alternative to the prevailing structure of stock exchanges, which involved having live traders on a trading floor to collect and execute orders to buy and sell shares of stock. However, the Nasdaq didn\u2019t initially have investors directly trading any stocks. Instead it used an automated information-gathering process to provide the latest prices for stock trades conducted elsewhere. From there the Nasdaq got more involved in the trading of stocks that weren't listed on the New York Stock Exchange or other established stock exchanges. These stocks, known as over-the-counter stocks, became the Nasdaq's first focus, and some investors still refer to the Nasdaq as an over-the-counter market.

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    Looking to invest?
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    As technology has advanced, the Nasdaq has created automated trading systems that not only match up orders from buyers and sellers but also provide the summary data and reporting required of all stock exchanges. Once the internet came into being, the Nasdaq became the first stock exchange with its own website, and it was the first to allow online trading. The Nasdaq has also embraced cloud computing, using cloud-based solutions to store required regulatory documentation and other data.

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    More recently there's been a wave of consolidation among exchanges, and in 2008 the Nasdaq Stock Market merged with Scandinavian exchange operator OMX ABO. The resulting company was called Nasdaq OMX Group, and was renamed simply Nasdaq (NDAQ 1.49%) in 2015. In addition to continuing to run the Nasdaq, the company also oversees its Nasdaq Nordic markets in Denmark, Sweden, Finland, Iceland, Armenia, and the Baltic States. In addition to stocks, Nasdaq-operated exchanges also enable investors to trade in bonds, commodities, exchange-traded funds, and other more sophisticated investments.

    \n
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    Other Major Exchanges

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    \nNYSE\n

    \n

    The biggest stock exchange in the world has a long history.

    \n    \n
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    \nOTC Markets\n

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    These stocks don't trade on the major exchanges but may still have a place in your portfolio.

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    What are Nasdaq trading hours?

    The Nasdaq Stock Market is generally open on weekdays from Monday to Friday, and is closed on Saturday and Sunday. Nasdaq trading begins at 9:30 a.m. Eastern time. The regular session continues for six and a half hours and closes after the closing bell rings at 4 p.m. Eastern time.

    However, the Nasdaq also gives traders the chance to participate in special sessions before the regular session begins and after it ends. Premarket trading hours run from 4 a.m. to 9:30 a.m. Eastern time each weekday. After-market hours start at 4 p.m. and run through 8 p.m. Eastern time Monday through Friday.

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    The Nasdaq closes for the following holidays:

    \n
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    \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \nHoliday\n\n2021 Date\n
    \nNew Year's Day\n\nFri., Jan. 1\n
    \nMartin Luther King Day\n\nMon., Jan. 18\n
    \nWashington's Birthday\n\nMon., Feb. 15\n
    \nGood Friday\n\nFri., Apr. 2\n
    \nMemorial Day\n\nMon., May 31\n
    \nIndependence Day\n\nMon., July 5 (observed)\n
    \nLabor Day\n\nMon., Sep. 6\n
    \nThanksgiving Day\n\nThurs., Nov. 25\n
    \nChristmas Day\n\nSat., Dec. 25\n
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    \n

    Source: Nasdaq Stock Market

    The Nasdaq also closes early, at 1 p.m. Eastern time, on the Friday after Thanksgiving, and on Christmas Eve if it falls on a weekday and if the regular Christmas holiday is observed on Dec. 25.

    \n
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    The Nasdaq Stock Market is the second-largest stock exchange in the world, and it plays a vital role in incorporating technology into the trading process. The Nasdaq provides an alternative to the New York Stock Exchange for companies that want to list their stocks on a U.S.-based stock exchange. With a long history of innovation, the Nasdaq should continue to help investors for years to come.

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    FAQs

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    What is the NASDAQ exchange?

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    The Nasdaq Stock Market, or simply Nasdaq, is the second-largest stock exchange in the world for investors looking to buy and sell shares of stock. Nasdaq was initially an acronym, NASDAQ, which stands for the National Association of Securities Dealers Automated Quotations.

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    What are NASDAQ trading hours?

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    The Nasdaq Stock Market is generally open on weekdays from Monday to Friday, and is closed on Saturday and Sunday. Trading begins at 9:30 a.m. EST. The regular session continues for six and a half hours and closes at 4 p.m. EST.

    \n
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    \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n", + "page_last_modified": "" + }, + { + "page_name": "An Introduction To The Nasdaq Stock Exchange", + "page_url": "https://www.forbes.com/advisor/investing/nasdaq-stock-exchange/", + "page_snippet": "The Nasdaq is the second largest stock exchange on earth. Over 3,700 public companies are listed for trade on the Nasdaq, with a collective market capitalization of over $19 trillion\u2014only slightly less than the New York Stock Exchange (NYSE), with a total listed market cap of $25.5 trillion.The Nasdaq is the second largest stock exchange on earth. Over 3,700 public companies are listed for trade on the Nasdaq, with a collective market capitalization of over $23 trillion\u2014only slightly less than the New York Stock Exchange (NYSE), with a total listed market cap of $32.7 trillion. As a writer, Michael has covered everything from stocks to cryptocurrency and ETFs for many of the world's major financial publications, including Kiplinger, U.S. News and World Report, The Motley Fool and more. Michael holds a master\u2019s degree in philosophy from The New School for Social Research and an additional master's degree in Asian classics from St. John\u2019s College. ... Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. ... The Nasdaq is the second largest stock exchange on earth. Register with the Securities Exchange Commission (SEC) Have at least three market makers willing to facilitate the buying and selling of its security; most Nasdaq stocks average 14 \u00b7 In addition, certain companies now have to already include on their board of directors a certain number of self-identified \u201cdiverse\u201d directors. That said, they must meet equity, market value or net income standards, have at least 1,000,000 publicly traded shares and trade for at least $4, again with certain exceptions. When you think about the stock market, you probably think of the NYSE first and foremost. The NYSE is the largest security exchange in the world and hosts 70 of the biggest global corporations as well as thousands of household names, like McDonalds, Walmart and Coca-Cola. The Nasdaq is the second largest exchange after the NYSE based on market capitalization, or the total dollar value of all of the shares of companies that trade on it multiplied by the number of shares outstanding.", + "page_result": "\n\n\t\n\t\t\n\t\t\n \t\t\n\t\t\n\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t What Is The Nasdaq? – Forbes Advisor\n\n\n\n\n\n\n\n\n\n\n\n \n \n\t\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\n\n\n\n\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n\t\n\t\t\n\n\n\t\t\t \t\t \n \n \t\n \n\n\t\t\n\t
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    An Introduction To The Nasdaq Stock Exchange

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    Michael Adams
    Michael Adamseditor
    Michael Adams is lead editor, investing at Forbes Advisor. He's researched, written about and practiced investing for nearly two decades. As a writer, Michael has covered everything from stocks to cryptocurrency and ETFs for many of the world's major financial publications, including Kiplinger, U.S. News and World Report, The Motley Fool and more. Michael holds a master\u2019s degree in philosophy from The New School for Social Research and an additional master's degree in Asian classics from St. John\u2019s College.

    Reviewed By

    Michael Adams
    Michael Adams
    Michael Adamseditor
    Michael Adams is lead editor, investing at Forbes Advisor. He's researched, written about and practiced investing for nearly two decades. As a writer, Michael has covered everything from stocks to cryptocurrency and ETFs for many of the world's major financial publications, including Kiplinger, U.S. News and World Report, The Motley Fool and more. Michael holds a master\u2019s degree in philosophy from The New School for Social Research and an additional master's degree in Asian classics from St. John\u2019s College.
    editor

    Reviewed By

    Updated: Sep 20, 2023, 10:27am

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    \n Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.\n
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    \n \"An\n Getty\n
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    The Nasdaq is the second largest stock exchange on earth. Over 3,700 public companies are listed for trade on the Nasdaq, with a collective market capitalization of over $23 trillion\u2014only slightly less than the New York Stock Exchange (NYSE), with a total listed market cap of $32.7 trillion. The Nasdaq made its name as the first all-electronic exchange, and it remains the first choice of many leading tech companies.

    \n

    How the Nasdaq Works

    \n

    Historically, stock exchanges were actual buildings where traders would gather to buy and sell securities. Transactions would take place on a physical trading floor, with prices determined by face-to-face negotiations between market participants. When it was founded in 1971, the Nasdaq was radically different\u2014there was no trading floor and no in-person trading: All price quotes were supplied by computer systems, and trading was done via telephone.

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    This all changed after the flash crash of 1987, when it was realized that telephone trading took too long, and the exchange moved to an all-electronic system.

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    Today, all-electronic trading has become the norm, and very few securities exchanges still maintain a physical trading floor of any kind. One of the lesser-known outcomes of the Covid-19 pandemic has been to close down the few remaining physical trading floors.

    \n

    But whether the buying and selling takes place in physical or virtual space, it\u2019s facilitated by a network of investment firms called market makers. These firms hold and exchange the individual securities listed on any stock exchange, executing the trades you order when you decide to buy shares of stock. According to Nasdaq, over 2 billion shares trade on its electronic exchange daily, with a market value of about $12 trillion.

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    The Tech-Heavy Nasdaq

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    The companies that trade on the Nasdaq tend to skew toward tech-oriented firms. Part of that is because of the Nasdaq\u2019s less rigorous listing requirements, which makes it a target for newer businesses, says Jason Steeno, president of CoreCap Advisors Investments.

    \n

    \u201cFor an investor looking to add companies to their portfolio in the high-tech space, they would generally look to those listed on the Nasdaq,\u201d he says. \u201cListing requirements for newer companies, like those also offering new or emerging technologies, are generally lower on the Nasdaq, removing potential barriers for newer companies wanting to go public.\u201d

    \n

    Nasdaq Hours

    \n

    The Nasdaq exchange is open for trading between 9:30 a.m. and 4:00 p.m. ET Monday through Friday. Nasdaq also offers both pre-market and after-hours extended trading. The Nasdaq\u2019s pre-market trading hours are from 4:00 a.m. until 9:30 a.m. ET, and after-hours trading runs from 4:00 p.m. until 8:00 p.m. ET.

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    Nasdaq Listing Requirements

    \n

    Every stock exchange has its own rules for what companies can list and trade their stocks on it. In general, companies have to be registered with the U.S. Securities and Exchange Commission (SEC) and meet other exchange requirements, like financial thresholds.

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    Nasdaq has three different tiers, each with its own criteria. Overall, though, companies must:

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    • Adhere to requirements for finances, liquidity and corporate management
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    • Register with the Securities Exchange Commission (SEC)
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    • Have at least three market makers willing to facilitate the buying and selling of its security; most Nasdaq stocks average 14
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    In addition, certain companies now have to already include on their board of directors a certain number of self-identified “diverse” directors. If these companies do not have that number on their board, they must publicly disclose why.

    \n

    Since each tier of Nasdaq listing offers a variety of ways to meet each given group of criteria, please see Nasdaq\u2019s guide for more information. Here are the three groups of Nasdaq tiers.

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    Nasdaq Global Select Market

    \n

    The initial financial and liquidity requirements are strictest for the Nasdaq Global Select Market. Because of the strict criteria to be included in this tier, being a part of the Nasdaq Global Select Market is an indication of the company\u2019s international stature. Companies must meet criteria for earnings, capitalization or assets, have at least 1,250,000 publicly traded shares and trade at at least $4 a share.

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    Nasdaq Global Market

    \n

    Companies within the Nasdaq Global Market have international reach with their products or services. The requirements for the Global Market are more stringent than the Nasdaq Capital Market\u2019s requirements but are less intense than that of the Global Select Market. Nasdaq Global Market companies must meet criteria based on income, equity, market value or total assets/revenue, have at least 1,100,000 publicly traded shares and trade at at least $4, with certain exceptions.

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    Nasdaq Capital Market

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    Companies on the Nasdaq Capital Market are focused on raising capital and are therefore typically younger than other companies, with less liquidity and revenue. That said, they must meet equity, market value or net income standards, have at least 1,000,000 publicly traded shares and trade for at least $4, again with certain exceptions.

    \n

    Nasdaq vs. NYSE

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    When you think about the stock market, you probably think of the NYSE first and foremost. The NYSE is the largest security exchange in the world and hosts 70 of the biggest global corporations as well as thousands of household names, like McDonalds, Walmart and Coca-Cola.

    \n

    The Nasdaq is the second largest exchange after the NYSE based on market capitalization, or the total dollar value of all of the shares of companies that trade on it multiplied by the number of shares outstanding. Outside of market cap, the exchanges are separated by focus.

    \n

    \u201cNasdaq is known for being the home of technology and innovation, with companies in the internet and biotech space along with others on the cutting edge,\u201d Steeno says. \u201cConversely, the NYSE is home to many blue chips as well as industrials, financials and companies that have been in business for generations.\u201d

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    There are several other key differences between the Nasdaq and the NYSE to keep in mind:

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    • Age.\u00a0The NYSE is hundreds of years old, while the Nasdaq has only been around since 1971.
      • \n
    • Market Type.\u00a0The NYSE is an auction market, where investors buy and sell to each other through an auction. The Nasdaq is a dealer market, meaning participants trade through a dealer.
      • \n
    • Cost.\u00a0The Nasdaq has lower listing fees than the NYSE, ranging from $55,000 to $80,000 for its lowest Capital Market tier. For NYSE, the lowest possible initial listing fee, on the other hand, is $150,000. This can ultimately affect where companies decide to list and trade shares.
      • \n
    • Perceptions.\u00a0The NYSE is made up of stocks with longstanding reputations, so it\u2019s traditionally been viewed as less volatile than the Nasdaq. Nasdaq, however, is composed of technology companies and newer businesses, so some view companies listed on it as riskier investments.
      • \n
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    Nasdaq Performance

    \n

    Because the Nasdaq is so technology focused, it\u2019s performed very well recently. For example, the 10-year performance for the Nasdaq Composite Index is 263.46%, and the 10-year performance for the Nasdaq 100 Index is 372.44%, as of September 20, 2023.

    \n

    During that same time, the Nasdaq has outperformed other major indexes, such as the S&P 500, which only saw returns of 165.06%.

    \n

    However, the Nasdaq is especially sensitive to tech stock dips and has experienced serious declines because of that, most notably when the dotcom bubble burst. It took the Nasdaq almost 15 years to reach new highs, and it didn\u2019t fully recover, accounting for inflation, for almost 17. The broader stock market, on the other hand, took less than half that time to recover and reach new highs.

    \n

    The Nasdaq Composite and Nasdaq 100 Indexes

    \n

    When the media and news outlets talk about the Nasdaq, they\u2019re often referring to a market index rather than the stock exchange itself. The Nasdaq Composite Index\u2014more commonly known as simply the Nasdaq\u2014is one of the most well-known and widely used indexes to describe the performance of the overall stock market.

    \n

    Nasdaq is a very large index, containing approximately 3,000 common stocks listed on the exchange. By contrast, the Dow Jones Industrial Average (DJIA)\u2014another index major benchmark for the U.S. stock market\u2014tracks just 30 stocks. And in the middle, as its name suggests, the S&P 500 tracks the performance of 500 of the biggest companies in the U.S.

    \n

    The Nasdaq Composite Index is mainly composed of technology companies, such as Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Tesla (TSLA). However, companies in the oil, industrial, consumer goods and healthcare industries are also part of the Nasdaq.

    \n

    The Nasdaq Composite Index isn\u2019t the only Nasdaq index out there, though. The Nasdaq 100 index, for instance, tracks 100 of the largest and most actively traded securities within the Nasdaq Composite.

    \n

    How To Invest in Nasdaq Stocks

    \n

    To invest in Nasdaq stocks, you can look up the individual companies listed on the Nasdaq and purchase individual shares using your online brokerage account. However, purchasing individual stocks can be risky, and you\u2019ll have to buy shares of multiple companies to diversify your portfolio and minimize the risk that you might lose money overall if one company does poorly.

    \n

    A better choice could be to invest in Nasdaq stocks by buying index funds or exchange-traded funds (ETFs) that hold Nasdaq company stocks and seek to duplicate the performance of the overall index. That said,\u00a0you probably don\u2019t want to invest in only Nasdaq stocks or funds. The Nasdaq is heavily skewed by the technology sector, which can lead to disproportionately high\u2014and low\u2014returns.

    \n

    \u201cGenerally speaking, investing in an index can provide exposure to more technology-oriented companies, but that comes with additional risk and should comprise only a portion of an investor\u2019s portfolio,\u201d says Steeno.

    \n

    If you aren\u2019t sure what investment options are best for you or how to build a fully diversified portfolio, speak with a financial advisor about how best to plan for your financial goals.

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    \n\n\n", + "page_last_modified": "" + }, + { + "page_name": "An Introduction To The Nasdaq Stock Exchange", + "page_url": "https://www.forbes.com/advisor/investing/nasdaq-stock-exchange/", + "page_snippet": "The Nasdaq is the second largest stock exchange on earth. Over 3,700 public companies are listed for trade on the Nasdaq, with a collective market capitalization of over $19 trillion\u2014only slightly less than the New York Stock Exchange (NYSE), with a total listed market cap of $25.5 trillion.The Nasdaq is the second largest stock exchange on earth. Over 3,700 public companies are listed for trade on the Nasdaq, with a collective market capitalization of over $23 trillion\u2014only slightly less than the New York Stock Exchange (NYSE), with a total listed market cap of $32.7 trillion. As a writer, Michael has covered everything from stocks to cryptocurrency and ETFs for many of the world's major financial publications, including Kiplinger, U.S. News and World Report, The Motley Fool and more. Michael holds a master\u2019s degree in philosophy from The New School for Social Research and an additional master's degree in Asian classics from St. John\u2019s College. ... Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. ... The Nasdaq is the second largest stock exchange on earth. Register with the Securities Exchange Commission (SEC) Have at least three market makers willing to facilitate the buying and selling of its security; most Nasdaq stocks average 14 \u00b7 In addition, certain companies now have to already include on their board of directors a certain number of self-identified \u201cdiverse\u201d directors. That said, they must meet equity, market value or net income standards, have at least 1,000,000 publicly traded shares and trade for at least $4, again with certain exceptions. When you think about the stock market, you probably think of the NYSE first and foremost. The NYSE is the largest security exchange in the world and hosts 70 of the biggest global corporations as well as thousands of household names, like McDonalds, Walmart and Coca-Cola. The Nasdaq is the second largest exchange after the NYSE based on market capitalization, or the total dollar value of all of the shares of companies that trade on it multiplied by the number of shares outstanding.", + "page_result": "\n\n\t\n\t\t\n\t\t\n \t\t\n\t\t\n\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t What Is The Nasdaq? – Forbes Advisor\n\n\n\n\n\n\n\n\n\n\n\n \n \n\t\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\n\n\n\n\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n\t\n\t\t\n\n\n\t\t\t \t\t \n \n \t\n \n\n\t\t\n\t
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    An Introduction To The Nasdaq Stock Exchange

    \n
    \"Kat
    \"Kat
    Kat TretinaContributor
    For the past seven years, Kat has been helping people make the best financial decisions for their unique situations, whether they're looking for the right insurance policies or trying to pay down debt. Kat has expertise in insurance and student loans, and she holds certifications in student loan and financial education counseling.
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    \"John
    John SchmidtEditor
    John Schmidt is the Assistant Assigning Editor for investing and retirement. Before joining Forbes Advisor, John was a senior writer at Acorns and editor at market research group Corporate Insight. His work has appeared in CNBC + Acorns\u2019s Grow, MarketWatch and The Financial Diet.
    Kat Tretina, 
    \"Kat
    Kat TretinaContributor
    For the past seven years, Kat has been helping people make the best financial decisions for their unique situations, whether they're looking for the right insurance policies or trying to pay down debt. Kat has expertise in insurance and student loans, and she holds certifications in student loan and financial education counseling.
    John Schmidt
    \"John
    John SchmidtEditor
    John Schmidt is the Assistant Assigning Editor for investing and retirement. Before joining Forbes Advisor, John was a senior writer at Acorns and editor at market research group Corporate Insight. His work has appeared in CNBC + Acorns\u2019s Grow, MarketWatch and The Financial Diet.
    Contributor,  Editor
    \"Michael
    Michael Adams
    Michael Adamseditor
    Michael Adams is lead editor, investing at Forbes Advisor. He's researched, written about and practiced investing for nearly two decades. As a writer, Michael has covered everything from stocks to cryptocurrency and ETFs for many of the world's major financial publications, including Kiplinger, U.S. News and World Report, The Motley Fool and more. Michael holds a master\u2019s degree in philosophy from The New School for Social Research and an additional master's degree in Asian classics from St. John\u2019s College.

    Reviewed By

    Michael Adams
    Michael Adams
    Michael Adamseditor
    Michael Adams is lead editor, investing at Forbes Advisor. He's researched, written about and practiced investing for nearly two decades. As a writer, Michael has covered everything from stocks to cryptocurrency and ETFs for many of the world's major financial publications, including Kiplinger, U.S. News and World Report, The Motley Fool and more. Michael holds a master\u2019s degree in philosophy from The New School for Social Research and an additional master's degree in Asian classics from St. John\u2019s College.
    editor

    Reviewed By

    Updated: Sep 20, 2023, 10:27am

    \n
    \n Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.\n
    \n
    \n \n \n \n
    \n \"An\n Getty\n
    \n
    \n
    \n

    The Nasdaq is the second largest stock exchange on earth. Over 3,700 public companies are listed for trade on the Nasdaq, with a collective market capitalization of over $23 trillion\u2014only slightly less than the New York Stock Exchange (NYSE), with a total listed market cap of $32.7 trillion. The Nasdaq made its name as the first all-electronic exchange, and it remains the first choice of many leading tech companies.

    \n

    How the Nasdaq Works

    \n

    Historically, stock exchanges were actual buildings where traders would gather to buy and sell securities. Transactions would take place on a physical trading floor, with prices determined by face-to-face negotiations between market participants. When it was founded in 1971, the Nasdaq was radically different\u2014there was no trading floor and no in-person trading: All price quotes were supplied by computer systems, and trading was done via telephone.

    \n

    This all changed after the flash crash of 1987, when it was realized that telephone trading took too long, and the exchange moved to an all-electronic system.

    \n

    Today, all-electronic trading has become the norm, and very few securities exchanges still maintain a physical trading floor of any kind. One of the lesser-known outcomes of the Covid-19 pandemic has been to close down the few remaining physical trading floors.

    \n

    But whether the buying and selling takes place in physical or virtual space, it\u2019s facilitated by a network of investment firms called market makers. These firms hold and exchange the individual securities listed on any stock exchange, executing the trades you order when you decide to buy shares of stock. According to Nasdaq, over 2 billion shares trade on its electronic exchange daily, with a market value of about $12 trillion.

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    The Tech-Heavy Nasdaq

    \n

    The companies that trade on the Nasdaq tend to skew toward tech-oriented firms. Part of that is because of the Nasdaq\u2019s less rigorous listing requirements, which makes it a target for newer businesses, says Jason Steeno, president of CoreCap Advisors Investments.

    \n

    \u201cFor an investor looking to add companies to their portfolio in the high-tech space, they would generally look to those listed on the Nasdaq,\u201d he says. \u201cListing requirements for newer companies, like those also offering new or emerging technologies, are generally lower on the Nasdaq, removing potential barriers for newer companies wanting to go public.\u201d

    \n

    Nasdaq Hours

    \n

    The Nasdaq exchange is open for trading between 9:30 a.m. and 4:00 p.m. ET Monday through Friday. Nasdaq also offers both pre-market and after-hours extended trading. The Nasdaq\u2019s pre-market trading hours are from 4:00 a.m. until 9:30 a.m. ET, and after-hours trading runs from 4:00 p.m. until 8:00 p.m. ET.

    \n

    Nasdaq Listing Requirements

    \n

    Every stock exchange has its own rules for what companies can list and trade their stocks on it. In general, companies have to be registered with the U.S. Securities and Exchange Commission (SEC) and meet other exchange requirements, like financial thresholds.

    \n

    Nasdaq has three different tiers, each with its own criteria. Overall, though, companies must:

    \n
      \n
    • Adhere to requirements for finances, liquidity and corporate management
      • \n
    • Register with the Securities Exchange Commission (SEC)
      • \n
    • Have at least three market makers willing to facilitate the buying and selling of its security; most Nasdaq stocks average 14
      • \n
    \n

    In addition, certain companies now have to already include on their board of directors a certain number of self-identified “diverse” directors. If these companies do not have that number on their board, they must publicly disclose why.

    \n

    Since each tier of Nasdaq listing offers a variety of ways to meet each given group of criteria, please see Nasdaq\u2019s guide for more information. Here are the three groups of Nasdaq tiers.

    \n

    Nasdaq Global Select Market

    \n

    The initial financial and liquidity requirements are strictest for the Nasdaq Global Select Market. Because of the strict criteria to be included in this tier, being a part of the Nasdaq Global Select Market is an indication of the company\u2019s international stature. Companies must meet criteria for earnings, capitalization or assets, have at least 1,250,000 publicly traded shares and trade at at least $4 a share.

    \n

    Nasdaq Global Market

    \n

    Companies within the Nasdaq Global Market have international reach with their products or services. The requirements for the Global Market are more stringent than the Nasdaq Capital Market\u2019s requirements but are less intense than that of the Global Select Market. Nasdaq Global Market companies must meet criteria based on income, equity, market value or total assets/revenue, have at least 1,100,000 publicly traded shares and trade at at least $4, with certain exceptions.

    \n

    Nasdaq Capital Market

    \n

    Companies on the Nasdaq Capital Market are focused on raising capital and are therefore typically younger than other companies, with less liquidity and revenue. That said, they must meet equity, market value or net income standards, have at least 1,000,000 publicly traded shares and trade for at least $4, again with certain exceptions.

    \n

    Nasdaq vs. NYSE

    \n

    When you think about the stock market, you probably think of the NYSE first and foremost. The NYSE is the largest security exchange in the world and hosts 70 of the biggest global corporations as well as thousands of household names, like McDonalds, Walmart and Coca-Cola.

    \n

    The Nasdaq is the second largest exchange after the NYSE based on market capitalization, or the total dollar value of all of the shares of companies that trade on it multiplied by the number of shares outstanding. Outside of market cap, the exchanges are separated by focus.

    \n

    \u201cNasdaq is known for being the home of technology and innovation, with companies in the internet and biotech space along with others on the cutting edge,\u201d Steeno says. \u201cConversely, the NYSE is home to many blue chips as well as industrials, financials and companies that have been in business for generations.\u201d

    \n

    There are several other key differences between the Nasdaq and the NYSE to keep in mind:

    \n
      \n
    • Age.\u00a0The NYSE is hundreds of years old, while the Nasdaq has only been around since 1971.
      • \n
    • Market Type.\u00a0The NYSE is an auction market, where investors buy and sell to each other through an auction. The Nasdaq is a dealer market, meaning participants trade through a dealer.
      • \n
    • Cost.\u00a0The Nasdaq has lower listing fees than the NYSE, ranging from $55,000 to $80,000 for its lowest Capital Market tier. For NYSE, the lowest possible initial listing fee, on the other hand, is $150,000. This can ultimately affect where companies decide to list and trade shares.
      • \n
    • Perceptions.\u00a0The NYSE is made up of stocks with longstanding reputations, so it\u2019s traditionally been viewed as less volatile than the Nasdaq. Nasdaq, however, is composed of technology companies and newer businesses, so some view companies listed on it as riskier investments.
      • \n
    \n

    Nasdaq Performance

    \n

    Because the Nasdaq is so technology focused, it\u2019s performed very well recently. For example, the 10-year performance for the Nasdaq Composite Index is 263.46%, and the 10-year performance for the Nasdaq 100 Index is 372.44%, as of September 20, 2023.

    \n

    During that same time, the Nasdaq has outperformed other major indexes, such as the S&P 500, which only saw returns of 165.06%.

    \n

    However, the Nasdaq is especially sensitive to tech stock dips and has experienced serious declines because of that, most notably when the dotcom bubble burst. It took the Nasdaq almost 15 years to reach new highs, and it didn\u2019t fully recover, accounting for inflation, for almost 17. The broader stock market, on the other hand, took less than half that time to recover and reach new highs.

    \n

    The Nasdaq Composite and Nasdaq 100 Indexes

    \n

    When the media and news outlets talk about the Nasdaq, they\u2019re often referring to a market index rather than the stock exchange itself. The Nasdaq Composite Index\u2014more commonly known as simply the Nasdaq\u2014is one of the most well-known and widely used indexes to describe the performance of the overall stock market.

    \n

    Nasdaq is a very large index, containing approximately 3,000 common stocks listed on the exchange. By contrast, the Dow Jones Industrial Average (DJIA)\u2014another index major benchmark for the U.S. stock market\u2014tracks just 30 stocks. And in the middle, as its name suggests, the S&P 500 tracks the performance of 500 of the biggest companies in the U.S.

    \n

    The Nasdaq Composite Index is mainly composed of technology companies, such as Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Tesla (TSLA). However, companies in the oil, industrial, consumer goods and healthcare industries are also part of the Nasdaq.

    \n

    The Nasdaq Composite Index isn\u2019t the only Nasdaq index out there, though. The Nasdaq 100 index, for instance, tracks 100 of the largest and most actively traded securities within the Nasdaq Composite.

    \n

    How To Invest in Nasdaq Stocks

    \n

    To invest in Nasdaq stocks, you can look up the individual companies listed on the Nasdaq and purchase individual shares using your online brokerage account. However, purchasing individual stocks can be risky, and you\u2019ll have to buy shares of multiple companies to diversify your portfolio and minimize the risk that you might lose money overall if one company does poorly.

    \n

    A better choice could be to invest in Nasdaq stocks by buying index funds or exchange-traded funds (ETFs) that hold Nasdaq company stocks and seek to duplicate the performance of the overall index. That said,\u00a0you probably don\u2019t want to invest in only Nasdaq stocks or funds. The Nasdaq is heavily skewed by the technology sector, which can lead to disproportionately high\u2014and low\u2014returns.

    \n

    \u201cGenerally speaking, investing in an index can provide exposure to more technology-oriented companies, but that comes with additional risk and should comprise only a portion of an investor\u2019s portfolio,\u201d says Steeno.

    \n

    If you aren\u2019t sure what investment options are best for you or how to build a fully diversified portfolio, speak with a financial advisor about how best to plan for your financial goals.

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    \n \n \"Kat\n \n
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    For the past seven years, Kat has been helping people make the best financial decisions for their unique situations, whether they're looking for the right insurance policies or trying to pay down debt. Kat has expertise in insurance and student loans, and she holds certifications in student loan and financial education counseling.

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    \n \n John Schmidt\n \n
    Editor
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    John Schmidt is the Assistant Assigning Editor for investing and retirement. Before joining Forbes Advisor, John was a senior writer at Acorns and editor at market research group Corporate Insight. His work has appeared in CNBC + Acorns\u2019s Grow, MarketWatch and The Financial Diet.

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