{"id":21567,"date":"2021-12-11T09:59:00","date_gmt":"2021-12-11T04:59:00","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=83983"},"modified":"2021-12-11T09:59:00","modified_gmt":"2021-12-11T04:59:00","slug":"annual-changes-to-the-nasdaq-100-index","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/annual-changes-to-the-nasdaq-100-index\/","title":{"rendered":"Annual Changes to the Nasdaq-100 Index\u00ae"},"content":{"rendered":"
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NEW YORK, Dec. 10, 2021 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index\u00ae<\/sup> (Nasdaq: NDX), which will become effective prior to market open on Monday, December 20, 2021.<\/p>\n

The following six companies will be added to the Index: Airbnb, Inc. (Nasdaq: ABNB), Fortinet, Inc. (Nasdaq: FTNT), Palo Alto Networks, Inc. (Nasdaq: PANW), Lucid Group, Inc. (Nasdaq: LCID), Zscaler, Inc. (Nasdaq: ZS), Datadog, Inc. (Nasdaq: DDOG).<\/p>\n

The Nasdaq-100 Index\u00ae<\/sup> is composed of the 100 largest non-financial companies listed on The Nasdaq Stock Market and dates to January 1985 when it was launched along with the Nasdaq Financial-100 Index, which is comprised of the 100 largest financial stocks on Nasdaq. These indexes act as benchmarks for financial products such as options, futures, and funds. The Nasdaq-100 Index\u00ae<\/sup> is reconstituted each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.<\/p>\n

The Nasdaq-100 Index\u00ae<\/sup> is the basis of the Invesco QQQ Trust (Nasdaq: QQQ) which aims to provide investment results that, before expenses, correspond with the Nasdaq-100 Index\u00ae<\/sup> performance. In addition, options, futures and structured products based on the Nasdaq-100 Index\u00ae<\/sup> and the Invesco QQQ Trust trade on various exchanges.<\/p>\n

As a result of the reconstitution, the following six companies will be removed from the Index: CDW Corporation (Nasdaq: CDW), Fox Corporation (Nasdaq: FOXA\/FOX), Cerner Corporation (Nasdaq: CERN), Check Point Software Technologies Ltd. (Nasdaq: CHKP), Trip.com Group Limited (Nasdaq: TCOM), Incyte Corporation (Nasdaq: INCY).<\/p>\n

Information<\/strong><\/p>\n

For information about the six companies to be added to the Nasdaq-100 Index\u00ae<\/sup>, please visit the following respective company websites:<\/p>\n