The Pre-Market Indicator will be available online from 8:30 a.m. - 9:30 a.m., Eastern Time (ET), at www.nasdaq.com beginning tomorrow and can also be seen on the Nasdaq MarketSite multi-media wall in Times Square beginning today. Updated every sixty seconds, this index is calculated based on the last sale prices of the Nasdaq-100 stocks in pre-markettrading. For those securities that did not trade in the pre-market, prices from the 4:00 p.m., ET, close the previous day will be used in the calculation. Prior to the creation of the Nasdaq-100 Pre-Market Indicator, the primary sources for gauging market sentiment before the market opens was by watching the trading activity in futures contracts or the pre-market activity in individual stocks. The Pre-Market Indicator now makes it possible to get a bigger picture of the market before it opens. It is based on actual trading data, updated and reported in real-time every sixty seconds leading up to the market’s formal opening at 9:30 am, ET. Tracking over several months has shown that the Nasdaq-100 Pre-Market Indicator is on target as a gauge of pre-market open sentiment.
"We are doing this for investors," said Pat Campbell, Nasdaq’s chief operating officer. "By providing investors with current, real-time, pre-market data, we are helping investors better prepare for the trading day ahead and track their stocks more precisely. We expect that the Pre-Market Indicator will become a closely followed index not only by users of our Web site, but also by investors and financial news organizations that want to get a jump on the market open."
The calculation for the Nasdaq-100 Pre-Market Indicator uses the same methodology used for the calculation of the Nasdaq-100 Index during regular market hours. The Nasdaq-100 index is frequently used as a gauge of the marketplace and is considered by many market followers as a good barometer of the market as a whole throughout the trading day. More information about the Nasdaq-100 Pre-Market Indicator, including frequently asked questions, can be found on www.nasdaq.com.
Additional pre-market information that will be available on www.nasdaq.com includes: most actively traded securities; tables that feature most actives by share volume; last sales price and more detail on extended hour trading activity for specific stocks; percent change for advancers and decliners; and 5-day history on share volume.
Don Bosic, Nasdaq senior vice president, said, "The addition of real-time pre-market data from the Nasdaq-100 Pre-Market Indicator makes nasdaq.com even more useful to investors and news organizations alike. The Nasdaq Pre-market Indicator is another important step in the movement to maximize the flow of information to the widest possible spectrum of people."
With over 10 million page views per weekday, www.nasdaq.com is a leading source for stock market information and key financial data on the Web. It provides online users with the following data and a host of other key information investors seek about Nasdaq and the stock market as a whole: stock price and corporate information on individual stocks listed on all major U.S. securities markets; regular intra-day market updates; information on initial public offering filings; recent financial news headlines and reports; and analysts earnings forecasts.
The Nasdaq Stock Market lists nearly 5,000 companies, has a larger dollar volume, and trades more shares per day than any other market in the world. 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.
