If you thought all the major indexes moved together, think again. Between June 8 and the close on Friday June 26, the Nasdaq beat the Dow in 11 of 14 trading days. During 8 of those days the gap was half a percent point or more. The end result was that by the close on Friday, June 26th the Nasdaq was down only 1.7% while the Dow fell 9.3%. Although not as pronounced as the recent behavior, the Dow has lagged the NASDAQ during most of the pandemic.
Whereas the Dow contains only 30 members, the NASDAQ is made up of over 2,700 companies. To be clear, the term “The Nasdaq” refers the Nasdaq Composite Index which contains roughly 90% of the companies that trade on the Nasdaq Stock Exchange. One common confusion is between the Nasdaq 100 Index and the Nasdaq Composite Index. The Nasdaq 100