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HAPPENED TODAY – Nasdaq, the first trades 49 years ago

The most important electronic stock market in the world which includes the main high tech companies blows out 49 candles today: it all began on February 8, 1971

HAPPENED TODAY – Nasdaq, the first trades 49 years ago

Today the Nasdaq in New York blows out 49 candles. The first session of the first electronic stock market in the world is in fact dated February 8, 1971: started with an initial value of 100 points, it reached an all-time high of 5.132 points on March 10, 2000, in the midst of the boom of the new economy, i.e. the Internet economy, only to then lose share with the subsequent bursting of the speculative bubble of the so-called Dot-coms.

Today the performance of the Nasdaq (acronym for National Association of Securities Dealers Automated Quotation) is measured by various indices, including mainly the NASDAQ Composite Index (which is worth over 9.500 points) and the NASDAQ-100 (which exceeds 9.400 points). Compared to the other New York index, the S&P 500, does not include financial companies, and includes some foreign companies. The big technologies such as Apple, Alphabet, Amazon, Comcast, eBay, Facebook, Intel, Microsoft, Tesla and Yahoo are therefore listed on the Nasdaq-100, just to name a few of the most important, among which there are the most capitalized companies in the world .

Established in New York a few days before its debut on the financial market, on February 5, 1971, the Nasdaq is based in Times Square. Among its presidents there was, unfortunately, also l'former banker Bernard Lawrence Madoff, convicted of one of the biggest financial frauds of all time during his private activity as a broker.

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