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  • NASDAQ-100

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    The NASDAQ-100 (^NDX) is a stock market index made up of 103 equity securities issued by 100 of the largest non-financial companies listed on the NASDAQ. It is a modified capitalization-weighted index. The stocks' weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components. It is based on exchange, and it is not an index of U.S.-based companies. It does not have any financial companies, since these were put in a separate index. Both of those criteria differentiate it from the Dow Jones Industrial Average, and the exclusion of financial companies distinguishes it from the S&P 500.

  • Black Monday (1987)

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    FTSE 100 Index (June 19, 1987, to January 19, 1988). DJIA (June 19, 1987, to January 19, 1988). In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already sustained significant declines. The Dow Jones Industrial Average (DJIA) fell exactly 508 points to 1,738.74 (22.61%). In Australia and New Zealand, the 1987 crash is also referred to as "Black Tuesday" because of the time zone difference. The terms Black Monday and Black Tuesday are also respectively applied to October 28 and October 29, 1929, which occurred after Black Thursday on October 24, which started the Stock Market Crash of 1929.

  • Trading day

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    In business, the trading day or regular trading hours (RTH) is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2015, open from 9:30 AM Eastern Time to 4:00 PM Eastern Time. Trading days are usually Monday to Friday. When a trading day ends, all share trading ends and is frozen in time until the next trading day begins. There are several other special circumstances which would lead to a shortened trading day, or no trading day at all, such as on holidays. The NYSE and NASDAQ average about 253 trading days a year. This is from 365.25(days on average per year) * 5/7(proportion work days per week) = 260.89 - 6(weekday holidays) - 3*5/7(fixed date holidays) = 252.75 ~ 253. The holidays are New Year's Day, Martin Luther King Jr. Day, Washington's Birthday, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day. Up to three trading days (the days surrounding Independence Day, Thanksgiving, and Christmas Day) are shortened, i.e. the exchanges are open from 9:30AM–1:00PM, depending on where they fall in the calendar year.

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