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> The most prominent index on NASDAQ is the QQQ, the top 100 stocks,market cap weighted. QQQ is an index fund: * https://en.wikipedia.org/wiki/Invesco_QQQ htt
by throw0101b 3y ago
> The most prominent index on NASDAQ is the QQQ, the top 100 stocks,market cap weighted.
QQQ is an index fund:
* https://en.wikipedia.org/wiki/Invesco_QQQ https://en.wikipedia.org/wiki/Invesco_QQQ
That follows the Nasdaq-100 index:
* https://en.wikipedia.org/wiki/Nasdaq-100 https://en.wikipedia.org/wiki/Nasdaq-100
There are other funds that track it too from companies other than Invesco.
- Galanwe 3y agoRight, right, you're 100% correct. To further explain, in most financial jargon, one often call an index by its (historically) most traded tracking fund. That is, the NASDAQ 100 is often called the QQQ, the S&P 500 is often called "spider" (SPDR), etc. But you're 100% right, in a comment about vocabulary, jargon has no place.