Markets in Focus: Nasdaq

Investing Strategy
March 22, 2024
Every week we provide insights into popular assets and hot questions, so you can easily learn more about the investment market in bite-sized pieces.

In our first Markets in Focus, we take a closer look at the NASDAQ, one of the most traded CFDs on the Change App.

What is the NASDAQ

The NASDAQ is an abbreviation for National Association of Securities Dealers Automated Quotations. When the NASDAQ (Composite) launched on February 8, 1971, it was the world's first electronic stock market. Now 53 years later the NASDAQ is one of the most widely followed stock indexes in the U.S. and is usually one of the three "headline" indexes that market commentators mention along with the Dow Jones Industrial Average and the S&P 500.

In 1985 the NASDAQ 100 was launched and consists of the 100 largest non-financial companies listed on the NASDAQ according to market capitalization.

Because the NASDAQ has a high concentration of companies in the tech sector this index is often considered to be a good barometer of how well the tech market is performing.

In fact, the top 10 stocks in the NASDAQ account for about 51% of the index’s performance.

What are the 10 top traded stocks in the NASDAQ

  • Apple
  • Microsoft
  • Amazon
  • Nvidia
  • Tesla
  • Alphabet (C shares)
  • Alphabet (A shares)
  • Meta
  • Broadcom
  • ASML Holding

NASDAQ and Change

You can trade the NASDAQ 100 from Monday to Friday via the Change App with a leverage of 20x. 

You can read more information about what leverage is next week in the new edition of the Markets in Focus. Until then, we wish you a successful trading week on the NASDAQ 100 but also on the 350+ other margin instruments.