NASDAQ Launches an Internet Index - QNET
27 November 2007Today the Nasdaq Stock Market, Inc. (NDAQ) announced the launch of an Internet Index (QNET) which will track the performance of companies engaged in a broad range of internet-related services. At this time I have not been able to find the breakdown of companies, but as soon as I do they will get posted. I’m sure GOOG is a big portion a the new index though.
The Index started the day with a value of 150.00 and closed at 153.27, up 3.27 (+2.18%). I will also add this index to the market close post from here on.
Here’s Nasdaq’s description of the new index QNET.
“NASDAQ Internet IndexSM is a modified market capitalization-weighted index designed to track the performance of the largest and most liquid U.S.-listed companies engaged in Internet-related businesses and that are listed on one of the three major U.S. stock exchanges. The Index includes companies engaged in a broad range of Internet-related services including, but not limited to, Internet software, Internet access providers, Internet search engines, web hosting, website design, and Internet retail commerce.”
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