Dow Jones treads water near 39,000 level as rebound from Friday’s high stalls. Bias remains skewed to the downside with all eyes on Wednesday’s US CPI figures. The Dow Jones Industrial Average has opened the week with minor advances, favoured by some risk appetite. Oil prices have retreated from multi-month highs as tensions in the Middle East ease somewhat, which has provided some relief to equity investors on Monday.
At first, the Nasdaq only provided quotations for over-the-counter stocks but later it became an exchange too. By 1991, the Nasdaq had grown to account for 46% of the entire US securities’ market. In 1998, it became the first stock exchange in the US to provide online trading. The Nasdaq also produces several indices, the most comprehensive of which is the Nasdaq Composite representing all 2,500-plus stocks on the Nasdaq, and the Nasdaq 100.