What are the NASDAQ’s trading hours?
The normal market hours for the NASDAQ are 9.30am to 4pm EST (Eastern Standard Time), which is 2.30pm to 9pm (UK time), Monday to Friday. However, with us, you can trade the US Tech 100 index 24 hours a day, from Monday to Friday, to best take advantage of significant market events that may not keep office hours, like earnings season.
How is the US Tech 100 price calculated?
The US Tech 100’s price is based on the price of the underlying – the NASDAQ. The NASDAQ price is determined by a host of factors, most importantly its constituent companies’ latest share prices.
The constituent companies are the 100 largest non-financial companies (for example, not banks) on the NASDAQ stock exchange by market capitalisation. This, plus other factors, are calculated into an average value for the stock exchange.
The NASDAQ is a modified capitalisation-weighted index. This means that not all NASDAQ stocks have equal weighting but, rather, the largest stocks will contribute a higher percentage to the total aggregate. So, if Apple’s share price goes up significantly and Apple is one of the largest stocks by market cap on the NASDAQ, the index’s price will most likely go up too.
