24th Nov 2009 by Tobias John Sterling
'Nasdaq stocks' are simply those traded on the NASDAQ, which is one of the United States' two stock exchanges. The other exchange is the New York Stock Exchange, abbreviated NYSE. Compared with the NYSE, stocks on the NASDAQ tend to belong to newer, smaller, companies, often in new sectors such as technology. This is what gives the NASDAQ its reputation as the technology exchange, while the NYSE and its indexes are seen to represent older, 'blue chip' companies in more traditional sectors. It also means that stocks traded on the NASDAQ tend to be more volatile, as was seen during the tech boom and then 'tech wreck' of the late 1990s.
Like This Answer?
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com