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Are investments in nasdaq index worthwhile?
The NASDAQ index was formed in 1971, but over time, many offshoots have appeared from it. Therefore, answering the question what is the NASDAQ Index, it is a whole family of indices that reflects the situation in the US high-tech market. The main (composite) index, from which the calculation began in 1971, is called the NASDAQ Composite.
The calculation of the index is based on the principle of a simple moving average - the weighted average price of shares at the end of trading. In other words, NASDAQ Composite = the sum of the products of stocks multiplied by their price and all this divided by the number of companies in the index.
NASDAQ is an index of high-tech companies. It is also classified as one of the most accurate indicators of the US economy, albeit with a focus on innovative technologies (telecommunications companies, electronics, software development, etc.).
To appreciate the benefits of investing, you can check the nasdaq index charts here
Use the quotes on the chart to monitor the movements of the US Nasdaq Index Cash price as well as to analyze the past performance of this trading instrument.