The average volume of trades on the NASDAQ is 653,00, and the market capitalization is 28.28 trillion dollars. The NASDAQ has a wide price range, with the highest prices reaching 63.93 dollars and the lowest prices falling to 44.50 dollars.
The NASDAQ has been under pressure recently, with shares falling 20% from their peak in late August. This has been driven by concerns about the global economy and trade tensions. Some market analysts believe that the sell-off in the NASDAQ is overdone.
They point to the strong fundamentals of many of the companies in the index, and believe that the recent sell-off presents a buying opportunity. Time will tell whether the recent sell-off in the NASDAQ is a blip or the start of a more prolonged decline.
The NASDAQ was down 0.90% today, after a week of volatile trading. This comes after a dire milestone reached by the index, which has many investors worried.
However, history shows that the NASDAQ could be primed for huge gains after reaching this point. Jim Cramer advises avoiding stocks in the ‘house of pain’ NASDAQ 100 index for now, but many are hopeful that the index will rebound soon.