Where Data Tells the Story
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The NASDAQ’s market capitalization has exceeded that of the NYSE for four straight months from June to September 2025. In June, the NASDAQ reached $32.0 trillion, surpassing the NYSE’s $30.8 trillion for the first time. By September, it had climbed to $35.6 trillion, while the NYSE stood at $31.4 trillion. The sustained lead highlights the dominance of technology-driven companies and their growing influence in reshaping the U.S. equity market landscape.