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Nasdaq Composite Index Sets New Record High - Second Highest Volume Day Also Established

Date 09/02/2000

The Nasdaq Stock Market® celebrated the 29th anniversary of its trading system in record fashion with The Nasdaq Composite® Index closing at 4427.50, up 105.73 points for the day and 8.8 percent for the year. Yesterday's record marks the third consecutive day the Composite has closed at a record high, and the seventh record close of the year. The Nasdaq Stock Market also experienced its second heaviest trading session ever, with preliminary figures showing more than 1.970 billion shares changing hands. The Nasdaq Stock Market lists nearly 5,000 companies, has a larger dollar volume, and trades more shares per day than any other U.S. market. Nasdaq is a subsidiary of the National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry, self-regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.