Nasdaq index
Definition
The Nasdaq Composite Index, commonly referred to as the Nasdaq Index, is a market-capitalization-weighted index of over 3,000 common equities and similar securities listed on the Nasdaq stock exchange, heavily weighted toward technology and growth stocks.
A benchmark for the performance of the Nasdaq stock market, often used as a barometer for the health of the tech sector and broader U.S. equity markets.
Examples
The Nasdaq index rocketed upward today, turning coffee-fueled coders into accidental millionaires overnight.
When the Nasdaq index dips, day traders treat it like a bad breakup: lots of panic selling and questionable life choices.
My grandma's bingo winnings outperformed the Nasdaq index last quarter, proving knitting clubs beat algorithms.
Analysts predicted doom for the Nasdaq index, but it bounced back faster than a rubber check from a startup.