If you are an avid news reader, you must have already come across the news that the month of April turned out pretty well for the USA stock market. So, it was indeed a great month for Nasdaq. This is because stock futures are showing a positive rise, and it is just ahead of the market opening.
So, would you like to know more about this trending news? Well, you are at the right place as we will be discussing every detail of this news right here. Let us now take a look at some of the essential aspects of this vital news.
What is Nasdaq?
A lot of our readers who are not so familiar with the stock markets might find it difficult to understand what Nasdaq is. So let us discuss some of the significant aspects of Nasdaq right here. Well, Nasdaq is a global electronic marketplace that is popular for buying and selling securities. In fact, it is an acronym for “National Association of Securities Dealers Automated Quotations.”
Furthermore, it was initially a subsidiary of the National Association of Securities Dealers (NASD). Nasdaq was, in fact, created as a site where the investors would be able to trade securities on a speedy and transparent system. It started its journey on Feb 8th, 1971.
As discussed above, Nasdaq provides its users access to different markets, including three markets – The Nasdaq Global Select Market, The Nasdaq Global Market, The Nasdaq Capital Market.
However, each of them comes with different listing requirements. At the same time, companies and closed-ended funds can list them for trading Nasdaq exchange till they meet the listing requirements and pay applicable fees.
As you know, presently, Nasdaq’s stock futures are showing a positive uptick ahead of the market opening. Meanwhile, the futures on the S&P 500 (INDEXSP: INX) soared high to 0.45%. Also, the Dow Jones Industrial Average futures gained 125 points.
In addition, the futures on the Nasdaq 100 also gained a 0.33% uptick. This positive growth actually shows how bullish investors are for the new month. Well, this is quite surprising despite the market slip in stock indices in general.
Presently, the S&P 500 recorded a 0.72% slide to 4,181.17, meanwhile the Nasdaq committee (INDEXNASDAQ: IXIC) dropped 0.85% to 13,962.68.
Needless to say, this year was indeed a positive one for many investors. This is because of the remarkable growth of the market, despite the pandemic. So, after seeing the amazing work of Nasdaq, investors might be considering whether to sell off their assets or hold?
As per a group of analysts, a team of strategists at NYSE JPM said that the investors may be willing to explore the option of selling off their assets. However, they are yet to make any final decision until now.
As we all know, investing or selling is entirely a personal choice for every investor. However, they can take a chance of holding them. This is because the stocks were higher, even during the worst months of the year. So, you can well assume that there is a high chance of the stocks remaining higher in the latter part of the year as well.
Summing it Up
So, as we conclude, we can say that Nasdaq is presently holding a top position. Therefore, if you are in a conflict, whether to keep or sell the assets, you can judge Nasdaq’s prices this year and decide.
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