Nasdaq Inc. Stock Rises Monday, Outperforms Market

Power Corporation of Canada

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Financials : Insurance | Large Cap Value
Based in Canada

Company profile

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company’s reportable segments include Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term and sustainable value creation.

Nasdaq Inc. Stock Rises Monday, Outperforms Market

5:11 pm ET October 24, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Nasdaq Inc. (NDAQ) advanced 1.78% to $58.77 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.19% to 3,797.34 and the Dow Jones Industrial Average rising 1.34% to 31,499.62. This was the stock's third consecutive day of gains. Nasdaq Inc. closed $12.88 below its 52-week high ($71.65), which the company reached on November 5th.

The stock outperformed some of its competitors Monday, as Hong Kong Exchanges & Clearing Ltd. ADR fell 9.45% to $29.42, CME Group Inc. Cl A (CME) rose 1.19% to $172.01, and Deutsche Boerse AG ADR rose 0.51% to $15.92. Trading volume (1.5 M) remained 461,202 below its 50-day average volume of 2.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 24, 2022.

(END) Dow Jones Newswires

October 24, 2022 17:11 ET (21:11 GMT)