- $26,333.04
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- Open
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- $25,992.55 - $26,329.98
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About NASDAQ Composite Index
The Nasdaq Composite is a market index rather than an operating company. It tracks a broad group of equities listed on the Nasdaq exchange, with its level reflecting the combined price performance of those constituents rather than sales, operating segments, customers, or corporate revenue. Technology and other growth-oriented companies are prominent in the news associated with the index this week, including Nvidia, while companies such as Sandisk and Caterpillar illustrate how individual earnings and forecasts can influence market sentiment. The index has no products, employees, reported financial statements, or independent revenue stream, so its scale is represented by the breadth and market value of its constituents.
Notable Price Movement
- Aug 3-7$26,690.625.19%
The Nasdaq Composite rose 1,708.08 points, or 6.87%, from $24,876.91 to $26,584.99 over the reported week. After falling 1.74% on July 29, the index rebounded 2.78% on July 30 and added 1.00% on July 31, then accelerated 2.13% on August 3 and 2.59% on August 4. The principal driver was broad market optimism after upbeat company forecasts, which Reuters said helped stock indexes reach records. Nvidia also supported technology sentiment after Elon Musk said SpaceX would use Nvidia chips exclusively. Caterpillar’s reported broadening momentum added to cyclical confidence, while Sandisk’s weaker-than-expected forecast was a counterpoint that did not prevent the index’s advance.