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The NASDAQ stock exchange contains, for the most part, technology stocks. There are stocks such as Cisco, Apple, Microsoft, Dell, Oracle, etc. Nearly everyone uses it as the index for the technology sector because of this. If someone says that tech is flat for the year they would indicate the NASDAQ index's performance.

Not all technology stocks are included in NASDAQ such as Hewlett-Packard or IBM. One factor that may cause this is that both of these companies are quite old (compared to the other tech). Both of them are on the NYSE.

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