The Other Index

Every 401(k) owner needs to understand the unique characteristics of the three major exchanges; the Dow Jones Industrial Average, the S&P 500 and the NASDAQ. The NASDAQ is the most unique index of the group. It began life in 1971 and the name stands for the National Association of Securities Dealers Automated Quotes. In the early 1970’s all of the stock transactions at the individual level were made by phone. There was some computerized trading on the floor of the New York and American ex...