NASDAQ Composite Index Sees Moderate Gains Amid Market Fluctuations

The NASDAQ Composite Index, a market capitalization-weighted index comprising over 3,000 common equities listed on the NASDAQ Stock Market, has experienced moderate gains in recent trading sessions. As of November 4, 2024, the index closed at 18,607.93, marking a slight increase from its previous close of 18,427.31.

The index includes a diverse range of securities such as American depositary receipts (ADRs), common stocks, real estate investment trusts (REITs), and tracking stocks, but excludes derivatives, preferred shares, funds, exchange-traded funds (ETFs), and debentures.

In the last 30 days, the NASDAQ Composite Index has shown a performance of 0.95%, with a high of 18,785.49 and a low of 17,826.42. Over the past 90 days, the index has risen by 11.70%, reflecting broader market trends and economic indicators.

Several stocks within the NASDAQ Composite have seen significant movements. For instance, American Eagle Outfitters Inc. experienced a decline of 13.33% to $18.20, while American Software Inc. saw a substantial increase of 19.88% to $9.95. Other notable movers include Apple Inc., which dropped by 3.54% to $204.50, and Applied Materials Inc., which fell by 4.77% to $166.42.

The market’s volatility has been a key factor, with the NASDAQ Composite Index exhibiting a volatility of 15.89% over the last 30 days. This volatility is reflective of the broader economic and market conditions, including geopolitical events and corporate earnings reports.