Wikipedia

Nasdaq-100

(Redirected from NASDAQ-100)

The Nasdaq-100 (^NDX[2]) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index. The stocks' weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components. It is limited to companies from a single exchange, and it does not have any financial companies. The financial companies are in a separate index, the Nasdaq Financial-100.

Nasdaq-100
Nasdaq-100 Index from 1985 to 2015
FoundationJanuary 31, 1985; 39 years ago (1985-01-31)
OperatorNasdaq, Inc.
ExchangesNasdaq
Trading symbol^NDX
Constituents101
TypeLarge-cap
Market capUS$16.9 trillion
(as of April 2022)[1]
Weighting methodFree-float capitalization-weighted
Related indicesNasdaq Financial-100
Websitenasdaq.com/nasdaq-100

History

edit

The Nasdaq-100 was launched on January 31, 1985, by the Nasdaq.[3] It created two indices: the Nasdaq-100, which consists of Industrial, Technology, Retail, Telecommunication, Biotechnology, Health Care, Transportation, Media and Service companies, and the Nasdaq Financial-100, which consists of banking companies, insurance firms, brokerage firms, and Mortgage loan companies.

The base price of the index was initially set at 250, but when it closed near 800 on December 31, 1993, the base was reset at 125 the following trading day, leaving the halved Nasdaq-100 price below that of the more commonly known Nasdaq Composite. The first annual adjustments were made in 1993 in advance of options on the index that would trade at the Chicago Board Options Exchange in 1994. Foreign companies were first admitted to the Nasdaq-100 in January 1998, but had higher standards to meet before they could be added. Those standards were relaxed in 2002, while standards for domestic firms were raised, ensuring that all companies met the same standards.

Investing in the Nasdaq-100

edit

The Invesco QQQ, an exchange-traded fund sponsored and overseen since March 21, 2007, by Invesco, trades under the ticker Nasdaq: QQQ. It was formerly called Nasdaq-100 Trust Series 1. On December 1, 2004, it was moved from the American Stock Exchange, where it had the symbol QQQ, to the Nasdaq, and given the new ticker symbol QQQQ, sometimes called the "quad Qs" by traders. On March 23, 2011, Nasdaq changed its symbol back to QQQ.[4] Retail buy and hold investors might prefer to purchase Invesco's similar Nasdaq: QQQM, or "QQQ Mini" which has a lower fee structure, but lacks the liquidity that high-frequency traders need in the traditional QQQ product.[5]

QQQ is one of the most actively traded exchange-traded funds in the United States.[6]

The Nasdaq-100 is often abbreviated as NDX, NDQ, NAS100 or US100 in the derivatives markets. Its corresponding futures contracts are traded on the Chicago Mercantile Exchange. The regular futures are denoted by the Reuters Instrument Code ND, and the smaller E-mini version uses the code NQ. Both are among the most heavily traded futures at the exchange.[7]

Performance

edit

Price history and milestones

edit

The index set highs above the 4,700 level at the peak of the dot-com bubble in 2000, but fell 78% during the stock market downturn of 2002.[8]

After a gradual 5-year recovery to an intraday high of 2,239.51 on October 31, 2007, the highest reached since February 16, 2002, the index corrected below the 2,000 level in early 2008 amid the late-2000s recession, the United States housing bubble and the financial crisis of 2007–2008. Panic focusing on the failure of the investment banking industry culminated in a loss of more than 10% on September 29, 2008, subsequently plunging the index firmly into a bear market. The Nasdaq-100, with much of the broader market, experienced a limit down open on October 24 and reached a 6-year intraday low of 1,018 on November 20, 2008.[citation needed]

Amid quantitative easing (QE) from the Federal Reserve and optimism that the financial crisis was ending, the index embarked on a volatile four-year climb higher, closing above 3,000 on May 15, 2013, for the first time since November 15, 2000. By October 18, 2013, with GOOG passing $1,000 per share for the first time, the index had made a closing high of 3,353.88 and intraday high of 3,355.63, its highest levels since the 2000 United States elections and more than triple the 2008 low.

Record values

edit
Category All-Time Highs[9]
Closing 21,117.18 Friday, November 8, 2024
Intraday 21,155.00 Friday, November 8, 2024

List of 1000-point milestones by number of trading days

edit
Milestone[10]
(closing) 		Date of Record (closing)[10] Trading Days[10]
1,000 July 8, 1997 3,143
2,000 January 11, 1999 381
3,000 November 18, 1999 217
4,000 February 8, 2000 55
5,000 January 6, 2017 4,255
6,000 September 13, 2017 172
7,000 January 26, 2018 93
8,000 July 24, 2019 374
9,000 January 13, 2020 119
10,000 June 10, 2020 103
11,000 August 3, 2020 37
12,000 August 31, 2020 20
13,000 January 8, 2021 90
14,000 April 15, 2021 66
15,000 July 23, 2021 69
16,000 November 3, 2021 72
17,000 January 19, 2024 554
18,000 February 22, 2024 23
19,000 June 5, 2024 72
20,000 July 2, 2024 18
21,000 November 7, 2024 90

Annual returns

edit

The following table shows the annual development of the Nasdaq-100 since 1985.[11]

Year Closing level Change in Index
in Points 		Change in Index
in %
1985 132.29
1986 141.41 9.12 6.89
1987 156.25 14.84 10.49
1988 177.41 21.16 13.54
1989 223.84 46.43 26.17
1990 200.53 −23.31 −10.41
1991 330.86 130.33 64.99
1992 360.19 29.33 8.86
1993 398.28 38.09 10.57
1994 404.27 5.99 1.50
1995 576.23 171.96 42.54
1996 821.36 245.13 42.54
1997 990.80 169.44 20.63
1998 1,836.01 845.21 85.31
1999 3,707.83 1,871.81 101.95
2000 2,341.70 −1,366.13 −36.84
2001 1,577.05 −764.65 −32.65
2002 984.36 −592.69 −37.58
2003 1,467.92 483.56 49.12
2004 1,621.12 153.20 10.44
2005 1,645.20 24.08 1.49
2006 1,756.90 111.70 6.79
2007 2,084.93 328.03 18.67
2008 1,211.65 −873.28 −41.89
2009 1,860.31 648.66 53.54
2010 2,217.86 357.55 19.22
2011 2,277.83 59.97 2.70
2012 2,660.93 383.10 16.82
2013 3,592.00 931.07 34.99
2014 4,236.28 644.28 17.94
2015 4,593.27 356.99 8.43
2016 4,863.62 270.35 5.89
2017 6,396.42 1,532.80 31.52
2018 6,329.96 −66.46 −1.04
2019 8,733.07 2,403.11 37.96
2020 12,888.28 4,155.21 47.58
2021 16,320.08 3,431.80 26.63
2022 10,939.76 −5,380.32 −32.97
2023 16,825.93 5,886.17 53.81

Selection criteria

edit

The Nasdaq has refined a series of stringent standards which companies must meet to be indexed. Those standards include:

  • Being listed exclusively on Nasdaq in either the Global Select or Global Market tiers.
  • Being publicly offered on an established American market for at least three months.
  • Having average daily volume of 200,000 shares.
  • Being current in regards to quarterly and annual reports.
  • Not being in bankruptcy proceedings.

Additionally, since 2014, companies with multiple classes of stock are allowed to have multiple classes included in the index, provided they meet Nasdaq's criteria. Prior to 2014, companies were limited to one class of stock in the index (usually the one with the larger market capitalization).[citation needed]

Yearly rebalancing and re-ranking

edit

While the composition of the Nasdaq-100 changes in the case of delisting (such as transferring to another exchange, mergers and acquisitions, or declaring bankruptcy, and in a few cases, being delisted by Nasdaq for failing to meet listing requirements), the index is rebalanced once a year, in December, when Nasdaq reviews its components, compares them with those not in the index, re-ranks all eligible companies and makes the appropriate adjustments.[citation needed]

There are two tools the Nasdaq uses to determine the market values of companies for the annual review:

  • Share Prices as of the last trading day in October.
  • Publicly announced share totals as of the last trading day of November.

Those components that are in the top 100 of all eligible companies at the annual review are retained in the index. Those ranked 101 to 125 are retained only if they were in the top 100 of the previous year's annual review. If they fail to move into the top 100 in the following year's review, they are dropped. Those not ranked in the top 125 are dropped regardless of the previous year's rank.[citation needed]

The index also drops a company if, at the end of two consecutive months, it fails to have an index weighting of at least one-tenth of a percent. This can occur at any time.[citation needed] Companies that are dropped are replaced by those with the largest market value that are not already in the index. Anticipation of these changes can lead to changes in the stock prices of affected companies.[citation needed]

The index publicly announces all changes, regardless of when they occur, via press releases at least five business days before the change takes place. The 2018 results of the re-ranking and rebalancing were announced on December 14, with the changes effective the morning of December 24, coinciding with the expiration of options on December 21.[citation needed]

Differences from Nasdaq Composite index

edit

The Nasdaq-100 is frequently confused with the Nasdaq Composite Index. The latter index (often referred to simply as "The Nasdaq") includes the stock of every company that is listed on Nasdaq (more than 3,000 altogether).[citation needed]

The Nasdaq-100 is a modified capitalization-weighted index. This particular methodology was created in 1998 in advance of the creation of the Nasdaq-100 Index Trust, which holds portions of all Nasdaq-100 firms. The new methodology allowed Nasdaq to reduce the influence of the largest companies and to allow for more diversification. However, the weights of the stocks were not changed after that, which led to more problems. In May 2011, Nasdaq did a major rebalance of the index to bring it closer to market-cap weighting.[citation needed]

The index is rebalanced quarterly only if:

  • One company is worth 24% of the index
  • Companies with a weighting of at least 4.5% make up 48% or more of the index

The index is rebalanced annually, after the quarterly rebalancing, only if:

  • One company is worth 15% of the index
  • The five largest companies by market capitalizations have weights of 40% or more of the index[12]

Differences from other indices

edit

In addition to its almost complete lack of financial companies, the Nasdaq-100 includes seven companies incorporated outside the United States. Although the S&P 500 Index includes non-U.S. companies, the Dow Jones Industrial Average has never included foreign companies.[citation needed]

As of June 2024, the index's seven companies incorporated in foreign countries are as follows:

Additionally, the Nasdaq-100 is also the only index of the three that has a regularly scheduled re-ranking of its index each year (in December), ensuring that the largest non-financial companies on Nasdaq are accurately included.[citation needed]

edit

In 2006, Nasdaq created a "farm team" index, the Nasdaq Q-50, representing the next fifty stocks in line to enter the Nasdaq-100. With some exceptions, most stocks that are added to the index come up through the Q-50. In 2011, Nasdaq created the NASDAQ-500 to track the 500 largest stocks on Nasdaq, and the Nasdaq-400, tracking those stocks not included in the Nasdaq-100.[citation needed]

Nasdaq has also divided the 100 into two distinct sub-indices; the Nasdaq-100 Tech follows those components who service the tech sector, and the Nasdaq-100 Ex-Tech, which follows those components that are not considered tech companies. The latter index includes noted e-commerce companies Amazon.com and eBay, which are classified as retailers.[citation needed]

Components

edit
Company Symbol GICS Sector GICS Sub-Industry
Adobe Inc. ADBE Information Technology Application Software
Advanced Micro Devices AMD Information Technology Semiconductors
Airbnb ABNB Consumer Discretionary Hotels, Resorts & Cruise Lines
Alphabet Inc. (Class A) GOOGL Communication Services Interactive Media & Services
Alphabet Inc. (Class C) GOOG Communication Services Interactive Media & Services
Amazon AMZN Consumer Discretionary Broadline Retail
American Electric Power AEP Utilities Electric Utilities
Amgen AMGN Health Care Biotechnology
Analog Devices ADI Information Technology Semiconductors
Ansys ANSS Information Technology Application Software
Apple Inc. AAPL Information Technology Technology Hardware, Storage & Peripherals
Applied Materials AMAT Information Technology Semiconductor Equipment
Arm Holdings ARM Information Technology Semiconductors
ASML Holding ASML Information Technology Semiconductor Equipment
AstraZeneca AZN Health Care Pharmaceuticals
Atlassian TEAM Information Technology Application Software
Autodesk ADSK Information Technology Application Software
Automatic Data Processing ADP Industrials Human Resource & Employment Services
Baker Hughes BKR Energy Oil & Gas Equipment & Services
Biogen BIIB Health Care Biotechnology
Booking Holdings BKNG Consumer Discretionary Hotels, Resorts & Cruise Lines
Broadcom Inc. AVGO Information Technology Semiconductors
Cadence Design Systems CDNS Information Technology Application Software
CDW Corporation CDW Information Technology Technology Distributors
Charter Communications CHTR Communication Services Cable & Satellite
Cintas CTAS Industrials Diversified Support Services
Cisco CSCO Information Technology Communications Equipment
Coca-Cola Europacific Partners CCEP Consumer Staples Soft Drinks & Non-alcoholic Beverages
Cognizant CTSH Information Technology IT Consulting & Other Services
Comcast CMCSA Communication Services Cable & Satellite
Constellation Energy CEG Utilities Electric Utilities
Copart CPRT Industrials Diversified Support Services
CoStar Group CSGP Real Estate Real Estate Services
Costco COST Consumer Staples Consumer Staples Merchandise Retail
CrowdStrike CRWD Information Technology Systems Software
CSX Corporation CSX Industrials Rail Transportation
Datadog DDOG Information Technology Application Software
DexCom DXCM Health Care Health Care Equipment
Diamondback Energy FANG Energy Oil & Gas Exploration & Production
Dollar Tree DLTR Consumer Staples Consumer Staples Merchandise Retail
DoorDash DASH Consumer Discretionary Specialized Consumer Services
Electronic Arts EA Communication Services Interactive Home Entertainment
Exelon EXC Utilities Electric Utilities
Fastenal FAST Industrials Trading Companies & Distributors
Fortinet FTNT Information Technology Systems Software
GE HealthCare GEHC Health Care Health Care Equipment
Gilead Sciences GILD Health Care Biotechnology
GlobalFoundries GFS Information Technology Semiconductors
Honeywell HON Industrials Industrial Conglomerates
Idexx Laboratories IDXX Health Care Health Care Equipment
Illumina, Inc. ILMN Health Care Life Sciences Tools & Services
Intel INTC Information Technology Semiconductors
Intuit INTU Information Technology Application Software
Intuitive Surgical ISRG Health Care Health Care Equipment
Keurig Dr Pepper KDP Consumer Staples Soft Drinks & Non-alcoholic Beverages
KLA Corporation KLAC Information Technology Semiconductor Equipment
Kraft Heinz KHC Consumer Staples Packaged Foods & Meats
Lam Research LRCX Information Technology Semiconductor Equipment
Linde plc LIN Materials Industrial Gases
Lululemon Athletica LULU Consumer Discretionary Apparel, Accessories & Luxury Goods
Marriott International MAR Consumer Discretionary Hotels, Resorts & Cruise Lines
Marvell Technology MRVL Information Technology Application Software
MercadoLibre MELI Consumer Discretionary Broadline Retail
Meta Platforms META Communication Services Interactive Media & Services
Microchip Technology MCHP Information Technology Semiconductors
Micron Technology MU Information Technology Semiconductors
Microsoft MSFT Information Technology Systems Software
Moderna MRNA Health Care Biotechnology
Mondelez International MDLZ Consumer Staples Packaged Foods & Meats
MongoDB Inc. MDB Information Technology Systems Software
Monster Beverage MNST Consumer Staples Soft Drinks & Non-alcoholic Beverages
Netflix NFLX Communication Services Movies & Entertainment
Nvidia NVDA Information Technology Semiconductors
NXP Semiconductors NXPI Information Technology Semiconductors
O'Reilly Automotive ORLY Consumer Discretionary Automotive Retail
Old Dominion Freight Line ODFL Industrials Cargo Ground Transportation
Onsemi ON Information Technology Semiconductors
Paccar PCAR Industrials Construction Machinery & Heavy Transportation Equipment
Palo Alto Networks PANW Information Technology Systems Software
Paychex PAYX Industrials Human Resource & Employment Services
PayPal PYPL Financials Transaction & Payment Processing Services
PDD Holdings PDD Consumer Discretionary Broadline Retail
PepsiCo PEP Consumer Staples Soft Drinks & Non-alcoholic Beverages
Qualcomm QCOM Information Technology Semiconductors
Regeneron Pharmaceuticals REGN Health Care Biotechnology
Roper Technologies ROP Information Technology Electronic Equipment & Instruments
Ross Stores ROST Consumer Discretionary Apparel Retail
Starbucks SBUX Consumer Discretionary Restaurants
Supermicro SMCI Information Technology Technology Hardware, Storage & Peripherals
Synopsys SNPS Information Technology Application Software
Take-Two Interactive TTWO Communication Services Interactive Home Entertainment
T-Mobile US TMUS Communication Services Wireless Telecommunication Services
Tesla, Inc. TSLA Consumer Discretionary Automobile Manufacturers
Texas Instruments TXN Information Technology Semiconductors
Trade Desk (The) TTD Communication Services Advertising
Verisk Analytics VRSK Industrials Research & Consulting Services
Vertex Pharmaceuticals VRTX Health Care Biotechnology
Warner Bros. Discovery WBD Communication Services Broadcasting
Workday, Inc. WDAY Information Technology Application Software
Xcel Energy XEL Utilities Multi-Utilities
Zscaler ZS Information Technology Application Software

This table is current as of the open of trading on June 24, 2024. An up-to-date list is available in the External links section.

Historical components

edit

As of July 2024, 514 companies have been components of the index. Of these, only four, Apple, Costco (through its merger in 1993 with Price Club, with Costco, as a separate entity, not becoming a component until at least 1989), Intel and PACCAR, have been components, continuously, since the first dissemination of the index in 1985. Two other current components, KLA Corporation and Micron Technology, were also components when the index started, but have been removed from the index over time for various reasons.[13]

Yearly changes

edit

Changes from 2008–2011

edit

DirecTV replaced BEA Systems on April 30, 2008[14] CA Technologies replaced Tellabs on May 19, 2008.[15] FLIR Systems replaced UAL Corporation on July 21, 2008,[16] and on November 10, 2008 Seagate Technology replaced Monster Worldwide.[17] On December 22, 2008, Nasdaq added the following companies to the Nasdaq-100 index: Automatic Data Processing, First Solar, Life Technologies, Ross Stores, Maxim Integrated Products, Illumina, Pharmaceutical Product Development, O'Reilly Auto Parts, Urban Outfitters, J. B. Hunt and Warner Chilcott, replacing Amylin Pharmaceuticals, Cadence Design Systems, Discovery Communications, Lamar Advertising Company, Leap Wireless International, Level 3 Communications, PetSmart, SanDisk, Sirius XM Radio, Virgin Media and Whole Foods Market.[18]

On January 20, 2009, News Corporation was added to the index, replacing Focus Media Holding, which did not meet the minimum monthly weight requirements.[19] On July 17, 2009, Cerner replaced Sun Microsystems after Sun Microsystems was acquired by Oracle. On October 29, 2009, Priceline.com replaced Juniper Networks after Juniper transferred its listing to the NYSE.[20] On December 21, 2009, seven stocks joined the Nasdaq-100 index before the market open: Vodafone, Mattel, BMC Software, Mylan, Qiagen, SanDisk and Virgin Media. These stocks replaced Akamai Technologies, Hansen Natural, IAC/InterActiveCorp, Liberty Global, Pharmaceutical Product Development, Ryanair and Steel Dynamics.[21]

On December 20, 2010, seven companies were added to the Nasdaq-100 index: F5 Networks, Akamai Technologies, Netflix, Micron Technology, Whole Foods Market, Ctrip and Dollar Tree, replacing Cintas, Dish Network, Foster Wheeler, Hologic, J. B. Hunt, Logitech and Patterson Companies.[22] These were the only changes made to the index that year and the fewest since 1997.[citation needed]

On April 4, 2011, Alexion Pharmaceuticals replaced Genzyme before the market open.[23] On May 27, 2011, Green Mountain Coffee Roasters replaced Millicom International Cellular after Millicom (MICC) withdrew its Nasdaq listing.[24] On July 15, 2011, Sirius XM Radio replaced Cephalon in the index,[25] and on December 6, 2011, Perrigo joined the index, replacing Joy Global, which transferred its listing to the NYSE.[26] Perrigo had been a member of the index in the 1990s, being dropped in 1996. On December 19, 2011, five companies joined the Nasdaq-100 index due to the annual reranking of the index: Avago Technologies, Fossil Group, Monster Beverage, Nuance Communications and Randgold Resources, replacing FLIR Systems, Illumina, NII Holdings, Qiagen and Urban Outfitters.[27]

Changes in 2012

edit

On April 23, 2012, Texas Instruments replaced First Solar. On May 30, 2012, Viacom became a component of the index, replacing Teva Pharmaceutical Industries, which transferred to the NYSE. On July 23, 2012, Kraft Foods, now known as Mondelez, became a component of the index, replacing Ctrip. Kraft Foods was the fourth component of the Nasdaq-100 to also be included in the Dow Jones Industrial Average, joining Cisco, Intel and Microsoft, but was removed from the DJIA when it subsequently split into two companies. On Wednesday December 12, 2012, Facebook, Inc was added to the index, replacing Infosys, which transferred its listing to the NYSE. On December 24, 2012, 20 changes to the index took place. The ten companies joining the index were Analog Devices, Catamaran Corporation, Discovery Communications, Equinix, Liberty Global, Liberty Media, Regeneron Pharmaceuticals, SBA Communications, Verisk Analytics and Western Digital. The ten companies being dropped were Apollo Group, Electronic Arts, Flextronics, Green Mountain Coffee Roasters, Lam Research, Marvell Technology Group, Netflix, Research in Motion, VeriSign and Warner Chilcott.[28]

Changes in 2013

edit

On January 15, 2013, Starz replaced Liberty Media after a spinoff.[citation needed] On March 18, 2013, Kraft Foods replaced Starz.[29] On June 5, 2013, Liberty Media replaced Virgin Media after the companies merged. On June 6, 2013, Netflix replaced Perrigo, which had transferred to the NYSE. On July 15, 2013, Tesla Motors replaced Oracle, which transferred to the NYSE. On July 25, Charter Communications replaced BMC Software.[30] On August 22, Green Mountain Coffee Roasters returned to the index, replacing Life Technologies.[31] On October 29, VimpelCom replaced Dell. On November 18, Marriott International was added to the index, replacing Randgold Resources.[citation needed]

On December 23, 2013, 10 changes to the index took place. The five companies joining the index were DISH Network Corporation, Illumina, NXP Semiconductors, Tractor Supply Company and TripAdvisor.[32] The five companies that were dropped were Fossil Group, Microchip Technology, Nuance Communications, Sears Holdings and Dentsply.

Changes in 2014

edit

On April 3, 2014, the Class C common stock of Google was added to the index as a result of Google's stock split. This meant the index had 101 components. Later in 2014, additional classes of stock from other index companies were added to the index, bringing the number of constituent securities in the index to 107.[citation needed] On December 12, 2014, Nasdaq announced that American Airlines Group, Electronic Arts and Lam Research would be added to the index, effective December 22, replacing Expedia Group, F5 Networks and Maxim Integrated Products.[33]

Changes in 2015

edit

On March 23, Walgreens Boots Alliance replaced Equinix in the index. Although it was still listed on NASDAQ, Equinix converted into a real estate investment trust, making it ineligible for inclusion in the Nasdaq-100, but it did gain eligibility for the Nasdaq Financial-100.[34] On July 1, Liberty Interactive created two new tracking stocks, tracking the company's interests in Latin America. Both tracking stocks were added to the index the same day.[citation needed] On July 2, Kraft Foods merged with Heinz, becoming Kraft Heinz. Catamaran Corporation was removed from the index after the close of trading on July 23, after going private. JD.com replaced it on July 29. DirecTV was removed from the index on July 24 due to its acquisition by AT&T and replaced by BioMarin Pharmaceutical on July 27. Sigma-Aldrich was removed on July 31, after being acquired by Merck KGaA. Skyworks Solutions replaced Sigma-Aldrich on August 3.[35]

Altera was removed on October 7 as a result of its merger with Intel. Incyte replaced Altera's on that date.[36] PayPal was added to the index on November 11, as Broadcom was in the process of merging with Avago.[37]

Nasdaq announced on December 11 that seven companies would be replaced in the index on December 21 due to annual re-ranking: Ctrip, Endo International, Expedia Group, Maxim Integrated Products, Norwegian Cruise Line, T-Mobile US and Ulta Beauty, replacing C. H. Robinson Worldwide, Expeditors International, Garmin, Keurig Green Mountain, Staples, VimpelCom and Wynn Resorts. Two Liberty Media (Liberty Global plc) tracking stocks (LILA) and (LILAK) were removed from the index, leaving 106 separate components.[38]

Changes in 2016

edit

On February 1, Avago Technologies changed its name to Broadcom.[39] On February 22, CSX Corporation replaced KLA-Tencor as a member of the index.[40] On March 16, NetEase replaced SanDisk as a member of the index.[41] On April 18, Liberty Media established two tracking stocks (BATRA), (BATRK) to follow the performance of its investment in the Atlanta Braves.[42] On June 20, Dentsply Sirona returned to the index, replacing four Liberty Media tracking stocks (LMCA), (LMCK), (BATRA), (BATRK).[43]

On July 18, Microchip Technology returned to the index, replacing Endo International.[44] On October 19, Shire PLC replaced Linear Technology in the index.[45] On December 9, the annual re-ranking of the index was announced, resulting in four changes. Joining the index December 19 were Cintas, Hasbro, Hologic and KLA-Tencor. Bed Bath & Beyond, NetApp, Stericycle and Whole Foods Market were dropped from the index.[46]

Changes in 2017

edit

On February 1, Tesla Motors changed its corporate name to simply Tesla.[47] On February 7, J. B. Hunt replaced NXP Semiconductors in the index.[48] On March 20, Idexx Laboratories replaced SBA Communications in the index after SBA converted to a REIT, rendering it ineligible for inclusion.[49] On April 24, Wynn Resorts replaced TripAdvisor.[50] On June 19, MercadoLibre replaced Yahoo! Inc due to its acquisition by Verizon and subsequent conversion to a closed-end fund.[51]

On October 23, Align Technology replaced Mattel in the index.[52] On December 8, Nasdaq announced that five companies would enter the index on December 18. They were ASML Holding, Cadence Design Systems, Synopsys, Take-Two Interactive and Workday These companies replaced Akamai Technologies, Discovery Communications – both classes listed in the index (DISCA) (DISCK), Norwegian Cruise Lines, Tractor Supply and Viacom.[53]

Changes in 2018

edit

On July 23, PepsiCo replaced Dish Network.[54] On November 5, NXP Semiconductors rejoined the index following its failed acquisition by Qualcomm, replacing CA, which merged with Broadcom.[55] On November 19, Xcel Energy replaced Dentsply Sirona.[56] On December 14, Nasdaq announced that 6 stocks will join the index on December 24: Advanced Micro Devices, lululemon Athletica, NetApp, United Continental Holdings, Verisign and Willis Towers Watson, replacing Express Scripts, Hologic, Qurate Retail Group, Seagate Technology, Shire and Vodafone.[57]

Changes in 2019

edit

On March 19, the two classes of stock of Fox Corporation replaced the two classes of stock of 21st Century Fox. On November 21, Exelon replaced Celgene.[58] On December 13, Nasdaq announced that as a result of the annual re-ranking of the index, six companies would join December 23: Ansys, CDW, Copart, CoStar Group, Seattle Genetics and Splunk, replacing Hasbro, Henry Schein, J.B. Hunt, Mylan, NortonLifeLock and Wynn Resorts.[59]

Changes in 2020

edit

On April 20, Dexcom replaced American Airlines Group in the index,[60] and Zoom Video Communications replaced Willis Towers Watson on April 30.[61] On June 22, DocuSign replaced United Airlines Holdings,[62] and other replacements that year included Moderna replacing CoStar Group on July 20,[63] Pinduoduo replacing NetApp on August 24,[64] and Keurig Dr Pepper replacing Western Digital on October 19.[65] On December 21, six companies joined the index: American Electric Power, Atlassian, Marvell Technology Group, Match Group, Okta and Peloton Interactive. They replaced BioMarin Pharmaceutical, Citrix Systems, Expedia Group, Liberty Global (both classes of shares), Take-Two Interactive and Ulta Beauty.[66]

Changes in 2021

edit

On July 21, Honeywell replaced Alexion Pharmaceuticals, following its acquisition by AstraZeneca.[67] On August 26, Crowdstrike replaced Maxim Integrated Products, which was acquired by Analog Devices.[68]

On December 10, 2021, Nasdaq announced that six new companies would join the index prior to the market open on December 20, 2021. They are Airbnb (ABNB), Datadog (DDOG), Fortinet (FTNT), Lucid Group (LCID), Palo Alto Networks (PANW), and Zscaler (ZS). They replaced CDW (CDW), Cerner (CERN), Check Point (CHKP), Fox Corporation (FOXA/FOX), Incyte (INCY), and Trip.com (TCOM).[69]

Changes in 2022

edit

On January 24, Old Dominion Freight Line replaced Peloton.[70]

On February 2, Constellation Energy was announced as being added to the index as of the end of the previous day. Exelon, from which Constellation was spun off, remained in the index; this increased the number of companies in the index to 101 and the number of stocks to 102 (because 2 classes of Alphabet Inc. stock are in the index).[71]

On February 22, AstraZeneca replaced Xilinx, which was being acquired by AMD.[72]

On November 21, Enphase Energy replaced Okta.[73]

On December 19, the annual re-ranking of the index took place prior to market open. The six stocks joining the index were CoStar Group, Rivian Automotive, Warner Bros. Discovery, GlobalFoundries, Baker Hughes and Diamondback Energy. They replaced Baidu, DocuSign, Match Group, NetEase, Skyworks Solutions, Splunk, and Verisign. Dropping seven components allowed the Nasdaq-100 index to once again have 100 companies.[74]

Changes in 2023

edit

On June 7, GE HealthCare replaced Fiserv.[75]

On June 20, Onsemi replaced Rivian.[76]

On July 17, The Trade Desk replaced Activision Blizzard.[77]

On December 18, as part of the annual re-ranking, CDW, Coca-Cola Europacific Partners, DoorDash, MongoDB, Roper Technologies and Splunk replaced Align Technologies, eBay, Enphase Energy, JD.com, Lucid Group and Zoom Video Communications.[78] Additionally, SeaGen was dropped after its merger with Pfizer was completed on December 14, and was replaced by Take-Two Interactive. [79]

Changes in 2024

edit

On March 18, Linde replaced Splunk after Cisco completed its acquisition of the company.[80]

On June 24, Arm Holdings replaced Sirius XM as company failed to meet minimum standards.[81][82]

On July 22, Supermicro replaced Walgreens Boots Alliance as WBA no longer met minimum weighting standards.[83]

On November 18, AppLovin will replace Dollar Tree as Dollar Tree no longer meets minimum weighting standards.[84]

References

edit
  1. ^ Wittenstein, Jeran (April 11, 2022). "Big Tech Swept Into Selloff Erasing $1 Trillion From Nasdaq 100". Bloomberg News. Archived from the original on April 11, 2022.
  2. ^ "NASDAQ-100". Yahoo! Finance.
  3. ^ "10 Fun Facts about the Nasdaq-100 Index". Nasdaq.
  4. ^ Phillips, Matt (March 23, 2011). "Q: Why Did QQQQ drop a Q to Become QQQ?". The Wall Street Journal.
  5. ^ "For Long-Term Investors, a QQQ-to-QQQM Switch May Make Sense". Nasdaq.com: For Long-Term Investors, a QQQ-to-QQQM Switch May Make Sense. August 19, 2021. Retrieved June 8, 2023.
  6. ^ Killa, Sweta (September 26, 2019). "Guide to 10 Most-Heavily Traded ETFs" – via Yahoo! Finance.
  7. ^ "Most Active Futures". November 18, 2021 – via barchart.
  8. ^ Glassman, James K. (February 11, 2015). "3 Lessons for Investors From the Tech Bubble". Kiplinger's Personal Finance. Nasdaq.
  9. ^ "NASDAQ 100 (^NDX) Stock Price, Quote, History & News". Yahoo! Finance.
  10. ^ a b c DeCambre, Mark (August 6, 2020). "Nasdaq Composite's record rally takes it to fastest 1,000-point milestone in 20 years". MarketWatch.
  11. ^ "NASDAQ 100 (^NDX) historical data". Yahoo! Finance.
  12. ^ "NASDAQ 100 Index Methodology" (PDF). NASDAQ.
  13. ^ "Daily Stock Market Overview, Data Updates, Reports & News". Nasdaq.
  14. ^ "The DIRECTV Group, Inc. to Join the NASDAQ-100 Index Beginning April 30, 2008" (Press release). GlobeNewswire. April 22, 2008.
  15. ^ "CA, Inc. to Join the NASDAQ-100 Index Beginning May 19, 2008" (Press release). GlobeNewswire. May 12, 2008.
  16. ^ "FLIR Systems, Inc. to Join the NASDAQ-100 Index Beginning July 21, 2008" (Press release). Globe Newswire. July 14, 2008.
  17. ^ "Seagate Technology to Join the NASDAQ-100 Index Beginning November 10, 2008" (Press release). GlobeNewswire. November 3, 2008.
  18. ^ "NASDAQ ANNOUNCES THE ANNUAL RE-RANKING OF THE NASDAQ-100 INDEX" (Press release). Nasdaq. December 12, 2008.
  19. ^ "NEWS CORPORATION TO JOIN THE NASDAQ-100 INDEX BEGINNING JANUARY 20, 2009" (Press release). Nasdaq. January 12, 2009.
  20. ^ "Priceline.com Incorporated to Join the Nasdaq-100 Index Beginning October 29, 2009" (Press release). Nasdaq. October 22, 2009.
  21. ^ "Nasdaq Indexes Re-Rank Stocks". ETF.com. December 14, 2009.
  22. ^ "Annual Changes to the NASDAQ-100 Index" (Press release). Nasdaq. December 10, 2010.
  23. ^ "Alexion Pharmaceuticals, Inc. to Join the NASDAQ-100 Index Beginning April 4, 2011" (Press release). Nasdaq. March 30, 2011.
  24. ^ "Millicom International Cellular: To Consolidate Its Listing on NASDAQ OMX Stockholm" (Press release). Business Wire. April 19, 2011.
  25. ^ "Sirius XM's Comeback Continues With Addition To Nasdaq 100".
  26. ^ "Perrigo Company to Join the NASDAQ-100 Index Beginning December 6, 2011" (Press release). Globe Newswire. December 1, 2011.
  27. ^ "Annual Changes to the NASDAQ-100 Index" (Press release). Nasdaq. December 9, 2011.
  28. ^ "Annual Changes to the NASDAQ-100 Index". Bloomberg.com. December 15, 2012. Retrieved August 15, 2023.
  29. ^ "KRAFT FOODS INC. TO JOIN THE NASDAQ-100 INDEX BEGINNING JULY 23, 2012" (Press release). Nasdaq. July 13, 2012.
  30. ^ "CHARTER COMMUNICATIONS, INC. TO JOIN THE NASDAQ-100 INDEX BEGINNING JULY 25, 2013" (Press release). Nasdaq. December 14, 2013.
  31. ^ "GREEN MOUNTAIN COFFEE ROASTERS, INC. TO JOIN THE NASDAQ-100 INDEX BEGINNING AUGUST 22, 2013" (Press release).
  32. ^ "Annual Changes to the NASDAQ-100 Index" (Press release). GlobeNewswire. December 14, 2013.
  33. ^ "Annual Changes to the Nasdaq-100 Index" (Press release). Nasdaq. December 12, 2014.
  34. ^ "Walgreens Boots Alliance, Inc. to Join the NASDAQ-100 Index Beginning March 23, 2015" (Press release). GlobeNewswire. March 13, 2015.
  35. ^ "Skyworks Solutions, Inc. to Join the NASDAQ-100 Index Beginning August 3, 2015". Globe Newswire. July 29, 2015.
  36. ^ "Incyte Corporation to Join Nasdaq-100 Index on October 7, 2015" (Press release). Nasdaq. September 29, 2015.
  37. ^ "Paypal Holdings, Inc. to Join the NASDAQ-100 Index Beginning November 11, 2015" (Press release). Nasdaq. November 3, 2015.
  38. ^ "Annual Changes to the NASDAQ-100 Index" (Press release). Nasdaq. December 11, 2015.
  39. ^ "Avago To Acquire Rival Firm Broadcom For $37 Billion". TechTimes.com. Retrieved September 3, 2020.
  40. ^ "CSX Corporation to Join the NASDAQ-100 Index on February 22, 2016" (Press release). Nasdaq. February 12, 2016.
  41. ^ "NetEase, Inc. to Join the NASDAQ-100 Index Beginning March 16, 2016" (Press release). Nasdaq. March 9, 2016.
  42. ^ Ozanian, Mike (April 19, 2016). "John Malone's Atlanta Braves Stock Tanks On Opening Day". Forbes.
  43. ^ "DENTSPLY SIRONA Inc. to join the Nasdaq-100 Index Beginning June 20, 2016" (Press release). Nasdaq. June 10, 2016.
  44. ^ "Microchip Technology Incorporated to Join the NASDAQ-100 Index Beginning July 18, 2016". Nasdaq. July 9, 2016.
  45. ^ "Shire plc to become a component of NASDAQ-100 index". Reuters. October 11, 2016.
  46. ^ "Annual Changes to the Nasdaq-100 Index" (Press release). Nasdaq. December 9, 2016.
  47. ^ Tesla Incorporated. (February 1, 2017). Current Report Filing. Retrieved from https://www.sec.gov/Archives/edgar/data/1318605/000156459017000802/tsla-8k_20170201.htm
  48. ^ "J.B. HUNT TRANSPORT SERVICES, INC. TO JOIN THE NASDAQ-100 INDEX BEGINNING FEBRUARY 7, 2017" (Press release). Nasdaq. January 30, 2017.
  49. ^ "IDEXX Laboratories, Inc. to Join the NASDAQ-100 Index Beginning March 20, 2017" (Press release). Nasdaq. March 10, 2017.
  50. ^ "Wynn Resorts, Limited to Join the NASDAQ-100 Index Beginning April 24, 2017" (Press release). GlobeNewswire. April 13, 2017.
  51. ^ "MercadoLibre, Inc. to Join the NASDAQ-100 Index Beginning June 19, 2017" (Press release). Nasdaq. June 10, 2017.
  52. ^ "Align Technology, Inc. to join the NASDAQ-100 Index on October 23, 2017" (Press release). Nasdaq. October 13, 2017.
  53. ^ "Annual Changes to the Nasdaq-100 Index" (Press release). Nasdaq. December 9, 2017.
  54. ^ "PepsiCo, Inc. to Join the NASDAQ-100 Index Beginning July 23rd, 2018" (Press release). Nasdaq. July 17, 2018.
  55. ^ "NXP Semiconductors N.V. to join the NASDAQ-100 Index beginning November 5, 2018" (Press release). GlobeNewswire. October 26, 2018.
  56. ^ "Xcel Energy Inc. to join the Nasdaq-100 Index beginning November 19, 2018" (Press release). Nasdaq. November 10, 2018.
  57. ^ "Annual Changes to the NASDAQ-100 Index" (Press release). Nasdaq. December 15, 2018.
  58. ^ "Exelon Corporation to join the NASDAQ-100 index on November 21, 2019" (Press release). Nasdaq. November 18, 2019.
  59. ^ "Annual Changes to the NASDAQ-100 Index" (Press release). GlobeNewswire. December 13, 2019.
  60. ^ "Dexcom, inc. to join the NASDAQ-100 Index beginning April 20, 2020" (Press release). Nasdaq. April 10, 2020.
  61. ^ "Zoom Video Communications, Inc. to Join the NASDAQ-100 Index Beginning April 30, 2020" (Press release). Nasdaq. April 23, 2020.
  62. ^ "DocuSign, Inc. to Join the NASDAQ-100 Index Beginning June 22, 2020" (Press release). Nasdaq. June 12, 2020.
  63. ^ "Moderna, Inc. to Join the NASDAQ-100 Index Beginning July 20, 2020" (Press release). Nasdaq. July 13, 2020.
  64. ^ "Pinduoduo, Inc. to join the NASDAQ-100 Index beginning August 24, 2020" (Press release). Nasdaq. August 14, 2020.
  65. ^ "Keurig Dr Pepper to Join the NASDAQ-100 Index Beginning October 19, 2020" (Press release). GlobeNewswire. October 10, 2020.
  66. ^ "Annual Changes to the Nasdaq-100 Index" (Press release). Nasdaq. December 11, 2020.
  67. ^ "Honeywell International Inc. to Join the NASDAQ-100 Index Beginning July 21, 2021" (Press release). GlobeNewswire. July 14, 2021.
  68. ^ "CrowdStrike Holdings, Inc. to Join the NASDAQ-100 Index Beginning August 26, 2021". GlobeNewswire (Press release). GlobeNewswire. August 24, 2021. Retrieved August 24, 2021.
  69. ^ "Annual Changes to the NASDAQ-100 Index". Greenstocknews.com. Retrieved December 11, 2021.
  70. ^ "Old Dominion Freight Line, Inc. to Join the NASDAQ-100 Index Beginning January 24, 2022". Nasdaq. January 13, 2022.
  71. ^ "Constellation Energy Corp. Joined the NASDAQ-100 Index on February 2, 2022". Yahoo! Finance. Retrieved February 4, 2022.
  72. ^ "AstraZeneca To Join Nasdaq-100 Index".
  73. ^ "Enphase Energy, Inc. to Join the NASDAQ-100 Index Beginning November 21, 2022". Yahoo! Finance. Globe Newswire. November 12, 2022. Retrieved November 12, 2022.
  74. ^ "Annual changes to the Nasdaq-100 Index". CRWE World. crweworld.com. Retrieved December 10, 2022.
  75. ^ "GE HealthCare Technologies Inc. to join the Nasdaq-100 Index, beginning June 7, 2023". Yahoo! Finance. GlobeNewswire. May 30, 2023. Retrieved June 7, 2023.
  76. ^ Bhattacharya, Ananya (June 14, 2023). "Nasdaq is officially dropping Rivian for an auto industry chip maker". Quartz.
  77. ^ Yin-Poole, Wesley (July 13, 2023). "Microsoft Deal Could Close Soon With Activision Blizzard Set to Leave Stock Exchange". IGN.
  78. ^ "Annual Changes to the Nasdaq-100 Index". Nasdaq. Globe Newswire. Retrieved December 9, 2023.
  79. ^ "Take-Two Interactive Software to join the Nasdaq-100 on December 18". Retrieved December 15, 2023.
  80. ^ "Linde plc to Join the Nasdaq-100 Index® Beginning March 18, 2024". Nasdaq. March 8, 2024. Retrieved March 18, 2024.
  81. ^ Bary, Emily (June 14, 2024). "Arm's latest bit of good news? Respect from a high-profile index". Marketwatch. Retrieved June 14, 2024.
  82. ^ "ARM HOLDINGS PLC TO JOIN THE NASDAQ-100 INDEX® BEGINNING JUNE 24, 2024". Nasdaq. June 13, 2024. Retrieved June 27, 2024.
  83. ^ "Super Micro Computer Inc. to Join the Nasdaq-100 Index® Beginning July 22, 2024".
  84. ^ "AppLovin To Join Nasdaq 100, Replacing Dollar Tree". Investor's Business Daily. November 8, 2024. Retrieved November 15, 2024.
edit
Retrieved from "https://en.wikipedia.org/w/index.php?title=Nasdaq-100&oldid=1258858806"