Trade Nasdaq Biotechnology Index Fund
NASDAQ-100 Index (^NDX) consists of 102 securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock market. It is a modified indicator with capital value. The weights of the shares in the index are based on their market capitalization, with certain rules crowning the impact of the largest components. It is exchange-based and does not have any financial companies. Financial companies were placed in a separate index, nasdaq financial-100. Nasdaq-100 index started on January 31, 1985 by nasdaq, in an attempt to promote itself under the NYSE. It has done so by creating two separate indices: this index, which consists of industrial companies, technology, retail, telecommunications, biotechnology, healthcare, transportation, media, service companies, and NASDAQ Financial-100, which consists of banking companies, insurance companies, brokerage houses and mortgage companies. By creating these indices, nasdaq had hoped that options and futures contracts would be established on them, and that mutual funds would adopt them as benchmarks. The base price of the index was initially set at 250, but when it closed near 800 on December 31, 1993, the rule was reset at 125 on the next trading day, making the NASDAQ-100 low below the nasdaq composite index price the most common. The first annual adjustments were made in 1993 before the options on the index, which will be traded on the Chicago Board of Options Exchange in 1994. Foreign companies were first accepted into the index in January 1998, but have higher standards for meeting with it before it could be added. These standards were relaxed in 2002, while standards for local companies were lifted, ensuring that all companies met the same standards. The index set levels above 4700 at the height of the dot-com bubble in 2000, while falling to market lows in 2002 revolved around stagnation in the early 2000s, the attacks of 11 September 2001 and the subsequent Afghan war below 900 points. After a 5-year gradual recovery to a day-long high of 2,239.51 at October 31, 2007, the highest level since February 16, 2001, the index was corrected below 2000 levels in early 2008 amid the recession of the late 2000s, the U.S. Housing Bubble and the 2008 global financial crisis. Panic focused on the failure of the investment banking industry peaked at a loss of more than 10% on September 29, 2008, resulting in the index falling firmly into bear market territory. The NASDAQ-100, with much of the broader market, saw the low down open on October 24 and reached a 6-year low during the day from 1018 on November 20, 2008.Amid quantitative easing (QE) from the Federal Reserve and optimism that the financial crisis is over, the index began to rise volatile for four years, closing above 3,000 on May 15, 2013 for the first time since November 15 , 20000. By October 18, 2013, with $1,000 per share for the first time, the index had reached a close of 3,353.88 and the day's highest level at 3,355.63, the highest level ever. Its levels since the 2000 U.S. elections are more than three times the lowest in 2008.