NASDAQ Computer Index Definition

Forex Glossary

Definition

The word NASDAQ Computer Index describes a stock exchange index consisting of hardware and software businesses. Even the NASDAQ Computer Index is intended to represent the fiscal health of the total computer market.

Explanation

Also referred to while the NASDAQ Computer Technology Index, the NASDAQ Computer Index consists of 27 businesses thought to be a symbol of that a crosssection of computer businesses inside the United States. This consists of applications, hardware, in addition to the semi conductor businesses. The indicator was established by the National Association of Securities Dealers Automated Quotations System Back 1993.

The indicator is calculated using market capitalization, so that the movement of the common stocks of large cap companies have a larger effect on the movement of their indicator. The indicator trades under the stock ticker IXCO.