The NASDAQ-one hundred was initial calculated in January 31 of 1985 by NASDAQ and It's a modified capitalization-weighted index. This index continues to be of excellent reference to traders that want to know how the inventory industry is carrying out without money companies businesses, this on condition that the index excludes economic companies.
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Nasdaq was released once the Securities and Trade Fee (SEC) urged NASD to automate the marketplace for securities not mentioned on an Trade. The end result was the first Digital investing procedure. Nasdaq opened for business in 1971.