A Comprehensive Overview

What is the Nasdaq Composite Index (COMP)?

A Comprehensive Overview

What is the Nasdaq Composite Index (COMP)?

The Nasdaq Composite Index (COMP) is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange. It is one of the most widely followed stock market indices in the world, and it is often used as a benchmark for the performance of the technology sector.

The COMP is calculated by taking the sum of the market capitalizations of all the stocks listed on the Nasdaq stock exchange and dividing by a divisor. The divisor is adjusted periodically to ensure that the index reflects the changing size of the Nasdaq stock market.

History of the Nasdaq Composite Index (COMP)

The Nasdaq Composite Index was created in 1971, and it has been tracking the performance of the technology sector ever since. The index has experienced significant growth over the years, and it has become one of the most important stock market indices in the world.

Components of the Nasdaq Composite Index (COMP)

The Nasdaq Composite Index (COMP) is composed of over 3,000 stocks, which represent a wide range of industries. The largest components of the index are technology companies, such as Apple, Microsoft, and Amazon. However, the index also includes companies from other sectors, such as financials, healthcare, and consumer goods.

Performance of the Nasdaq Composite Index (COMP)

The Nasdaq Composite Index (COMP) has performed well over the long term. The index has outperformed the Dow Jones Industrial Average and the S&P 500 Index over the past 10 years.