What is the NASDAQ?
"The Nasdaq is a global electronic marketplace for buying and selling securities."
Its name was originally an acronym for the National Association of Securities Dealers Automated Quotations. *
*From this article on Investopedia
Unlike the New York Stock Exchange, the Nasdaq is entirely digital, yet some of the largest stocks in the world are offered for sale there. In addition to Apple, Google and Tesla, which I have mentioned before in this blog, also companies like Amazon, Microsoft, and Costco.
When you invest, it won't likely make any difference to you whether the stock you're investing in trades here on the Nasdaq or the NYSE, but it's nice to know about it.
Had you heard of the Nasdaq before? Have you seen their billboard in New York's Times Square? Let me know in the comments! And as always, thanks for reading this.
Basketball legend Charles Oakley, second right, signs his name as he is joined by New Jersey Nets player Bobby Simmons (L), Leslie Lewis , second left, daughter of entrepreneur Reginald F. Lewis, her mother Loida Lewis, Frank Savage and other members of the Reginald F. Lewis Museum of Maryland African-American History and Culture for the closing bell ceremony at the NASDAQ on July 7, 2008 in New York City. (UPI Photo/Monika Graff)
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