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Fidelity NASDAQ Composite Index Fund

FNCMX · NASDAQ

Market closed$324.84$-4.60 (-1.40%)

Key statistics

Previous close$329.44
Open$324.84
Day high$324.84
Day low$324.84
52-week high$344.56
52-week low$262.68
Market cap27.18B
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

Market context

Why it moved

FNCMX, a Nasdaq Composite index mutual fund, declined as the broader Nasdaq market pulled back from recent highs, with profit-taking and broader market selling pressure weighing on tech-heavy index holdings.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026The Fidelity NASDAQ Composite Index Fund held steady after hours, tracking a volatile week for the Nasdaq that saw a semiconductor-led selloff on Thursday — with the Nasdaq falling 1.47% — following TSMC's spending forecast spooking chip investors, reversing Wednesday's gains driven by cooling inflation data. Broader market sentiment remains cautious amid escalating Middle East tensions and AI-driven market concentration, though strong Q2 earnings from major financials and record Wall Street trading revenues have provided underlying support for equity markets.
July 15, 2026The Fidelity NASDAQ Composite Index Fund closed modestly higher, tracking a broader equity rally driven by a wave of blowout financial sector earnings and a benign inflation reading. BlackRock reported Q2 earnings well above estimates while its iShares unit surpassed $6 trillion in AUM, and Goldman Sachs, Morgan Stanley, JPMorgan, and BNY all delivered strong beats fueled by record trading revenues and surging M&A activity. A softer-than-expected June CPI print eased Fed rate hike fears, though geopolitical risks from the U.S.-Iran conflict and elevated oil prices continue to cloud the H2 outlook for NASDAQ-heavy growth stocks.
July 13, 2026The Fidelity NASDAQ Composite Index Fund held steady after hours as broad market sentiment turned cautious, with U.S. stocks declining Monday amid renewed U.S.-Iran military strikes that sent oil prices surging 4-5% and reignited inflation concerns. Investors are also bracing for a pivotal earnings week — major banks report Tuesday, TSMC reports Thursday, and key June CPI and PPI data are due — while a sharp selloff in Asian semiconductor stocks raised fresh questions about the durability of the AI-led rally that has driven the Nasdaq's strong year-to-date performance.

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July 10, 2026The Fidelity NASDAQ Composite Index Fund closed holding steady near its day highs as the NASDAQ navigated a mixed session marked by a large-cap/small-cap split and lingering geopolitical uncertainty. U.S.-Iran tensions continued to weigh on sentiment after a volatile stretch this week triggered by Iran striking 85 U.S.-allied sites in the Gulf, though markets largely stabilized as investors shifted focus to the upcoming Q2 earnings season—with major banks reporting next week. AI-driven momentum provided a tailwind to the fund's tech-heavy holdings, with NVIDIA rising over 3% on the day amid strong Blackwell architecture demand and SK Hynix's record Nasdaq ADR debut signaling robust AI chip appetite. The S&P 500 closed near its 52-week high, reflecting resilience despite geopolitical headwinds.

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July 8, 2026The Fidelity NASDAQ Composite Index Fund held steady in after-hours trading as the broader NASDAQ Composite faced a risk-off session driven by escalating U.S.-Iran tensions after President Trump declared the interim peace agreement 'over,' sending oil prices surging over 5% and triggering a global selloff. Tech and semiconductor stocks bore the brunt of the decline — semis dropped roughly 4.7% on the day — while Goldman Sachs also cautioned that the AI-fueled earnings surprise cycle may be fading despite a 22% growth forecast, adding further pressure on the NASDAQ-heavy fund heading into Q2 earnings season.
July 2, 2026The Fidelity NASDAQ Composite Index Fund held steady in after-hours trading, reflecting a cautious start to Q3 as tech and chip stocks weighed on the Nasdaq. Semiconductor shares dropped sharply after reports that Meta is building a cloud service to monetize excess AI computing capacity and OpenAI achieved AI model efficiency gains, raising concerns about reduced urgency for new chip purchases. Meanwhile, Fed Chair Kevin Warsh's comments that inflation risks have eased helped price out a July rate hike, offering some macro relief ahead of the June nonfarm payrolls report — with economists expecting a slowdown to 114,000 jobs added. The S&P 500 and Nasdaq posted their strongest quarterly performance since 2020 in Q2, supported by AI optimism and a Middle East truce easing oil prices.
June 24, 2026The Fidelity NASDAQ Composite Index Fund closed essentially unchanged, holding steady even as broader market conditions remained turbulent following a severe tech-led selloff earlier in the week. The Nasdaq Composite shed nearly 2-3% on Tuesday amid a global semiconductor rout — sparked by a sharp plunge in Asian chip stocks, intensified AI spending skepticism, and tightened U.S. export restrictions — before partially recovering on Wednesday as South Korea's Kospi rebounded and oil prices eased on U.S.-Iran diplomatic progress. The financial sector, as reflected by XLF, also closed modestly lower in after-hours trading, with asset managers like BlackRock declining on broad equity market pressure and shifting rate hike expectations.
June 23, 2026The Fidelity NASDAQ Composite Index Fund is trading lower, tracking broad weakness in the NASDAQ as a tech-driven selloff deepens for a second consecutive session. AI valuation concerns are front and center — investors are questioning whether massive infrastructure spending will translate into profits, with Alphabet down sharply after a key DeepMind researcher defected to Anthropic, and SpaceX extending steep losses. Nasdaq 100 futures dropped ~2.5% in pre-market, and rising Treasury yields under new Fed Chair Kevin Warsh's hawkish-leaning stance are adding additional pressure on growth and tech stocks that dominate the index.
Benzinga · July 2, 2026If You Invested $100 In Fidelity Nasdaq Composite Index ETF Stock 10 Years Ago, You Would Have This Much TodayUS News Money · March 21, 20258 Top-Performing Fidelity Funds for RetirementU.S. News - Money · October 29, 20247 Best Fidelity ETFs to Buy NowForbes · July 1, 2024Best Fidelity Mutual Funds For 2026

Peers

S&P 500SPX · $7,457.69-1.01%Bridge Builder International Equity FundBBIEX · $15.66-0.45%Fidelity Freedom 2050FFFHX · $17.48-0.79%Fidelity Low-Priced Stock FundFLPSX · $46.75-0.62%Janus Henderson Forty FundJARTX · $51.86-0.95%JPMorgan Hedged Equity FundJHQCX · $34.23-0.61%Janus Henderson Enterprise FundJMGRX · $154.38-0.92%Invesco Diversified Dividend Fund Cl R6LCEFX · $19.54-0.56%Vanguard STAR FundVGSTX · $30.48-0.65%Vanguard LifeStrategy Moderate Growth FundVSMGX · $36.47-0.57%Vanguard Windsor Fund Investor SharesVWNDX · $24.05-0.74%