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The US-based Nasdaq – National Association of Securities Dealers Automated Quotations – stock exchange was launched in 1971.
In 2023, with a market capitalisation of nearly $20 trillion, it is the world’s second-largest stock market behind the $25 trillion New York Stock Exchange (NYSE). Nasdaq offers investors a platform to trade thousands of US companies, including global titans such as Microsoft, Apple and Tesla.
Here’s a look at how the Nasdaq works, how it has performed, and ways for retail investors to gain exposure to it.
What is the Nasdaq?
The Nasdaq is an exchange where investors can buy and sell around 3,700 stocks and shares.
At launch, it offered a new way for investors to trade using automation and without doing so in-person on a physical exchange floor – the most common…