NASDAQ Composite

The NASDAQ Composite (^IXIC) is a of the and similar securities (e.g. ADRs, , limited partnership interests) listed on the NASDAQ stock market. Along with the Dow Jones Average and S&P 500 it is one of the three most-followed indices in US stock markets. The composition of the NASDAQ Composite is heavily weighted towards information technology companies.

After launching in 1971 with 50 companies and a starting value of 100, the NASDAQ Composite peaked at a high of 5132.52 (and a closing price of 5048.62) on March 10, 2000 during the first Internet bubble, and subsequently fell to a low of 1108.49 on October 10th 2002 when the bubble burst. On April 23rd 2015, after over 15 years, the index made a new closing high of 5056.06. On June 18, 2015, the index made a new all-time high of 5143.32, finally surpassing the high made during the tech bubble. In the days following the presidential election win of Donald Trump, the COMP made a new high of 5403.86. The NASDAQ 100, whose components are a subset of the NASDAQ Composite's, accounts for over 90% of the NASDAQ Composite's movement, and there are many ETFs tracking its performance.

The index was launched in 1971, with a starting value of 100.

On July 17, 1995, the index closed above the 1,000 mark for the first time. It made steady gains in the following years to reach 2,000 points by 1998, then began to accelerate significantly. This process mushroomed in late 1999. The index closed that year at 4,069.31 points. On March 10, 2000, the index finally peaked at an intra-day high of 5,132.52, and closed at an all-time high of 5,048.62.

The decline from this peak signalled the beginning of the dot-com bubble burst. There were multiple things contributing to this Dot-com boom and bust. Some optimists thought the internet and World Wide Web would be more significant to business than any kind of Industrial Revolution in the past, possibly enabling us to achieve a Technological Singularity. More pessimistic types were concerned that business would require massive technology replacement to achieve Y2K compatibility.

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Wikipedia