The recovery took 5 years and eventually the index corrected itself on Februand high of 2,239.51-point level. In 2002 the markets started evolving to the recession and the September 11 attacks and the Afghan War, that saw the index drop to the 900-point level during this period. The all-time highs for the index were welcomed by the dot-com bubble that was in 2000 where they stood above the 4,700 level. The base price of the index was set at 250 and closed at 800 on the last day of December 1993, the base was reset at 125 on the 1 st of January 1994 leaving the NASDAQ 100 price below that of the more popular NASDAQ Composite.
By creating two traded indices the NASDAQ wanted options and futures contracts would be created on their basis in the hopes that other mutual funds would adopt the same principles on their benchmarks. and the NASDAQ Financial-100 which consists of banking, insurance firms, mortgage and brokerage houses. Nasdaq 100 was launched on 31 January 1985, by Nasdaq and started off with two separate indices: The NASDAQ-100 consists of retail, technology, telecommunication, health care, transport, etc.
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