|
Related Topics
|
|
Category: Dow Jones, Nasdaq and Stock Market
Date: 4 August 2020 In this article we compare the market capital of some of the largest firms listed on the Nasdaq and compare their market capital to that of the Dow Jones Industrial Average (DJIA). What we find is that the 10 largest firms listed on the Nasdaq has almost the exact same market capital as the 30 firms in the Dow Jones.
|
|
So the top 10 stocks listed on the Nasdaq (including those included in the Dow Jones Industrial Average) total market capital amounts to $7.96 trillion, or about 98.8% of the total market capital of the Dow Jones Industrial Average (which is 30 stocks). "
More About The Dow Jones Industrial Average (DJIA)
The Dow Jones Industrial Average® (The Dow®), is a price-weighted measure of 30 U.S. blue-chip companies. The DJIA covers all industries except transportation and utilities. The market cap of the Dow Jones firms amounts to $8.058 trillion as at end of July 2020. The Dow Jones Industrial Average has a trailing PE ratio of 21.6 and the PE is projected (forward PE) is at 23.7 with a indicated dividend yield of 2.63% and a price to book value of 3.88
About the Nasdaq
The Nasdaq is short for the National Association of Securities Dealers Automated Quotations. Nasdaq is a global electronic marketplace for buying and selling securities. Nasdaq was created by the National Association of Securities Dealers (NASD) to enable investors to trade securities on a computerized, speedy and transparent system, and commenced operations on February 8, 1971. There are currently more than 4000 companies stock listed on the Nasdaq.
Comparing 10 largest stocks on the Nasdaq to the Dow Jones Industrial Average (DJIA)
While the Dow Jones Industrial Average (DJIA) is probably the most quoted financial indicator in the world, the size of some of the firms on the Nasdaq are becoming ever larger. So much so that 10 stocks listed on the Nasdaq has almost the same market capital as the Dow Jones. We will compare the market capital of the 10 largest firms on the Nasdaq to that the Dow Jones. Firstly we will do a comparison where some of the largest firms on the Nasdaq will be removed, as they are in the Dow Jones. These firms are Microsoft (MSFT), Apple (APPL), Cisco (CSCO) and Intel. Then we will do a comparison where these firms are included.
Market Capital of the 10 largest Nasdaq listed firms (excluding Microsoft (MSFT), Apple (APPL), Cisco (CSCO) and Intel)
So the top 10 stocks listed on the Nasdaq (excluding those included in the Dow Jones too) total market capital amounts to $4.76 trillion, or about 59% of the total market capital of the Dow Jones Industrial Average (which is 30 stocks)
Market Capital of the 10 largest Nasdaq listed firms (including Microsoft (MSFT), Apple (APPL), Cisco (CSCO) and Intel which is part of the Dow Jones)
So the top 10 stocks listed on the Nasdaq (including those included in the Dow Jones Industrial Average) total market capital amounts to $7.96 trillion, or about 98.8% of the total market capital of the Dow Jones Industrial Average (which is 30 stocks).
This just shows how the tech heavy Nasdaq is growing and becoming ever more important in the world of financial markets. Who knows, over time perhaps the Nasdaq will replace the Dow Jones as the most quoted and used major market index.
- Amazon: $1.56 trillion
- Alphabet: $1.01 trillion
- Facebook: $718.4 billion
- Nvidia: $270.9 billion
- Paypal: $231.4 billion
- Netflix: $219.9 billion
- Adobe: $214.9 billion
- Comcast: $195.7 billion
- PepsiCo: $189.3 billion
- Costco: $145.4 billion
So the top 10 stocks listed on the Nasdaq (excluding those included in the Dow Jones too) total market capital amounts to $4.76 trillion, or about 59% of the total market capital of the Dow Jones Industrial Average (which is 30 stocks)
Market Capital of the 10 largest Nasdaq listed firms (including Microsoft (MSFT), Apple (APPL), Cisco (CSCO) and Intel which is part of the Dow Jones)
- Apple: $1.89 trillion
- Microsoft: $1.64 trillion
- Amazon: $1.56 trillion
- Alphabet: $1.01 trillion
- Facebook: $718.4 billion
- Nvidia: $270.9 billion
- Paypal: $231.4 billion
- Netflix: $219.9 billion
- Adobe: $214.9 billion
- Intel: $205.4 billion
So the top 10 stocks listed on the Nasdaq (including those included in the Dow Jones Industrial Average) total market capital amounts to $7.96 trillion, or about 98.8% of the total market capital of the Dow Jones Industrial Average (which is 30 stocks).
This just shows how the tech heavy Nasdaq is growing and becoming ever more important in the world of financial markets. Who knows, over time perhaps the Nasdaq will replace the Dow Jones as the most quoted and used major market index.