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What is Nasdaq and Dow Jones?

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What is Nasdaq and Dow Jones?

Postby apara6 » Fri Mar 29, 2013 8:54 pm

When watching the news, they always give the results of the day for Nasdaq and Dow Jones, etc.

Is that an average of the companies trading stock?
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What is Nasdaq and Dow Jones?

Postby osmond » Sat Mar 30, 2013 9:55 pm

You have the right idea. The NASDAQ is the modern term for "over the counter" stocks and is now a stock market in it's own right. NASDAQ stocks all have a 4 letter designation... Yahoo, for example is "YHOO".

When you hear reference to "the Dow Jones Average" what you are usually hearing is the price of the Dow Jones INDUSTRIAL average and this is the measure of the New York Stock Exchange.

NYSE stocks all have a 1 or 2 letter designation. "GE" or "GM"

The American Stock Exchange or ASE is now owned by the NYSE and stocks listed on the ASE have a 3 letter designation.

I hope this helps.
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What is Nasdaq and Dow Jones?

Postby kinny5 » Sat Mar 30, 2013 11:48 pm

Well, Nasdaq is a stock market. But you're right about the Dow Jones. Different companies take different statistical information from the stock market. Some averages are based on the 30 largest companies being traded (Dow Jones Industrial Average). Some take the averages of smaller companies, etc. Other indexes to look at would be the Standard and Poor (S&P) 500.
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