The Nasdaq-100 (^NDX[1]) is a stock market index made up of 102 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock market. 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 based on exchange, and it does not have any financial companies. The financial companies are in a separate index, the NASDAQ Financial-100.

History[edit]

src=https://upload.wikimedia.org/wikipedia/commons/thumb/f/f3/NASDAQ-100-1985to2015.svg/220px-NASDAQ-100-1985to2015.svg.png

NASDAQ-100 Index 1985-2015

The NASDAQ-100 was launched on January 31, 1985 by the Nasdaq.[2] 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 exchange-traded fund, sponsored and overseen since March 21, 2007 by Invesco, trades under the ticker NasdaqQQQ. It is commonly referred to by its ticker or nickname, the ques. 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 four-letter code QQQQ, sometimes called the quad Qs by traders. On March 23, 2011, Nasdaq changed its symbol back to QQQ.[3]

QQQ is one of the most actively traded exchange-traded funds in the United States.[4]

The NASDAQ-100 is often abbreviated as NDX100 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.[citation needed]

Performance[edit]

Price history & 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.[5]

After a gradual 5-year recovery to an intraday high of 2,239.51 on October 31, 2007, the highest reached since February 16, 2001, 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[6]
Closing 15,605.09 Monday, August 30, 2021
Intraday 15,620.62 Monday, August 30, 2021

List of 1000-point milestones by number of trading days[edit]

Milestone[7]
(closing)
Date of Record (closing)[7] Trading Days[7]
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

Annual Returns[edit]

The following table shows the annual development of the NASDAQ-100 since 1985.[8]

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

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 NASDAQs 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 years annual review. If they fail to move into the top 100 in the following years review, they are dropped. Those not ranked in the top 125 are dropped regardless of the previous years 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) and is quoted more frequently than the NASDAQ-100 in popular media.[citation needed]

The NASDAQ-100 is a modified capitalization-weighted index. This particular methodology was created in 1998 in advance of the creation 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 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

Differences from other indices[edit]

In addition to its almost complete lack of financial companies, the Nasdaq-100 includes 9 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 December 2020, the Nasdaq-100 has companies incorporated in the following foreign countries:

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]

This table is current as of the open of trading on December 21, 2020. An up-to-date list is available in the External links section.

Company Ticker GICS Sector GICS Sub-Industry
Activision Blizzard ATVI Communication Services Interactive Home Entertainment
Adobe Inc. ADBE Information Technology Application Software
Advanced Micro Devices AMD Information Technology Semiconductors
Align Technology ALGN Health Care Health Care Supplies
Alphabet Inc. (Class A) GOOGL Communication Services Interactive Media & Services
Alphabet Inc. (Class C) GOOG Communication Services Interactive Media & Services
Amazon.com AMZN Consumer Discretionary Internet & Direct Marketing 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
ASML Holding ASML Information Technology Semiconductor Equipment
Atlassian TEAM Information Technology Application Software
Autodesk ADSK Information Technology Application Software
Automatic Data Processing ADP Information Technology Data Processing & Outsourced Services
Baidu BIDU Communication Services Interactive Media & Services
Biogen BIIB Health Care Biotechnology
Booking Holdings BKNG Consumer Discretionary Internet & Direct Marketing Retail
Broadcom Inc. AVGO Information Technology Semiconductors
Cadence Design Systems CDNS Information Technology Application Software
CDW CDW Information Technology Technology Distributors
Cerner CERN Health Care Health Care Technology
Charter Communications CHTR Communication Services Cable & Satellite
Check Point CHKP Information Technology Application Software
Cintas CTAS Industrials Diversified Support Services
Cisco Systems CSCO Information Technology Communications Equipment
Cognizant CTSH Information Technology IT Consulting & Other Services
Comcast CMCSA Communication Services Cable & Satellite
Copart CPRT Industrials Diversified Support Services
Costco COST Consumer Staples Hypermarkets & Super Centers
CrowdStrike CRWD Information Technology Application Software
CSX Corporation CSX Industrials Railroads
DexCom DXCM Health Care Health Care Equipment
DocuSign DOCU Information Technology Application Software
Dollar Tree DLTR Consumer Discretionary General Merchandise Stores
eBay EBAY Consumer Discretionary Internet & Direct Marketing Retail
Electronic Arts EA Communication Services Interactive Home Entertainment
Exelon EXC Utilities Multi-Utilities
Facebook, Inc. FB Communication Services Interactive Media & Services
Fastenal FAST Industrials Building Products
Fiserv FISV Information Technology Data Processing & Outsourced Services
Fox Corporation (Class A) FOXA Communication Services Movies & Entertainment
Fox Corporation (Class B) FOX Communication Services Movies & Entertainment
Gilead Sciences GILD Health Care Biotechnology
Honeywell HON Industrials Industrial Conglomerates
Idexx Laboratories IDXX Health Care Health Care Equipment
Illumina, Inc. ILMN Health Care Life Sciences Tools & Services
Incyte INCY Health Care Biotechnology
Intel INTC Information Technology Semiconductors
Intuit INTU Information Technology Application Software
Intuitive Surgical ISRG Health Care Health Care Equipment
JD.com JD Consumer Discretionary Internet & Direct Marketing Retail
Keurig Dr Pepper KDP Consumer Staples Soft Drinks
KLA Corporation KLAC Information Technology Semiconductor Equipment
Kraft Heinz KHC Consumer Staples Packaged Foods & Meats
Lam Research LRCX Information Technology Semiconductor Equipment
Lululemon Athletica LULU Consumer Discretionary Apparel, Accessories & Luxury Goods
Marriott International MAR Consumer Discretionary Hotels, Resorts & Cruise Lines
Marvell Technology, Inc. MRVL Information Technology Application Software
Match Group MTCH Communication Services Interactive Media & Services
MercadoLibre MELI Consumer Discretionary Internet & Direct Marketing Retail
Microchip Technology MCHP Information Technology Semiconductors
Micron Technology MU Information Technology Semiconductors
Microsoft MSFT Information Technology Systems Software
Moderna MRNA Health Care Biotechnology
Mondelēz International MDLZ Consumer Staples Packaged Foods & Meats
Monster Beverage MNST Consumer Staples Soft Drinks
NetEase NTES Communication Services Interactive Home Entertainment
Netflix NFLX Communication Services Movies & Entertainment
Nvidia NVDA Information Technology Semiconductors
NXP Semiconductors NXPI Information Technology Semiconductors
OReilly Automotive ORLY Consumer Discretionary Specialty Stores
Okta, Inc. OKTA Information Technology Application Software
Paccar PCAR Industrials Construction Machinery & Heavy Trucks
Paychex PAYX Information Technology Data Processing & Outsourced Services
PayPal PYPL Information Technology Data Processing & Outsourced Services
Peloton Interactive PTON Consumer Discretionary Leisure Products
PepsiCo PEP Consumer Staples Soft Drinks
Pinduoduo PDD Consumer Discretionary Internet & Direct Marketing Retail
Qualcomm QCOM Information Technology Semiconductors
Regeneron Pharmaceuticals REGN Health Care Biotechnology
Ross Stores ROST Consumer Discretionary Apparel Retail
Seagen SGEN Health Care Biotechnology
Sirius XM SIRI Communication Services Broadcasting
Skyworks Solutions SWKS Information Technology Semiconductors
Splunk SPLK Information Technology Application Software
Starbucks SBUX Consumer Discretionary Restaurants
Synopsys SNPS Information Technology Application Software
T-Mobile US TMUS Communication Services Wireless Telecommunication Services
Tesla, Inc. TSLA Consumer Discretionary Automobile Manufacturers
Texas Instruments TXN Information Technology Semiconductors
Trip.com Group TCOM Consumer Discretionary Internet & Direct Marketing Retail
Verisign VRSN Information Technology Internet Services & Infrastructure
Verisk Analytics VRSK Industrials Research & Consulting Services
Vertex Pharmaceuticals VRTX Health Care Biotechnology
Walgreens Boots Alliance WBA Consumer Staples Drug Retail
Workday, Inc. WDAY Information Technology Application Software
Xcel Energy XEL Utilities Multi-Utilities
Xilinx XLNX Information Technology Semiconductors
Zoom Video Communications ZM Information Technology Application Software

Historical components[edit]

As of August 2021, 489 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.[9]

Yearly changes[edit]

Changes from 2008–2011[edit]

DirecTV replaced BEA Systems on April 30,[10] CA, Inc. replaced Tellabs on May 19.[11] FLIR Systems replaced UAL Corporation on July 21,[12] and on November 10 Seagate Technology replaced Monster Worldwide.[13] 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, Inc., Pharmaceutical Product Development, OReilly 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.[14]

On January 20, 2009, News Corporation was added to the index, replacing Focus Media Holding, which did not meet the minimum monthly weight requirements.[15] On July 17, 2009, Cerner replaced Sun Microsystems after Sun Microsystems was acquired by Oracle Corporation. On October 29, 2009, Priceline.com replaced Juniper Networks after Juniper transferred its listing to the NYSE.[16] 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.[17]

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.[18] 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.[19] On May 27, 2011, Green Mountain Coffee Roasters replaced Millicom International Cellular after Millicom (MICC) withdrew its NASDAQ listing.[20] On July 15, 2011, Sirius XM Radio replaced Cephalon in the index,[21] and on December 6, 2011, Perrigo joined the index, replacing Joy Global, which transferred its listing to the NYSE.[22] 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, Inc., Monster Beverage (Hansen Natural Corporation), Nuance Communications, and Randgold Resources, replacing FLIR Systems, Illumina, NII Holdings, Qiagen, and Urban Outfitters.[23]

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 Systems, Intel, and Microsoft, but was removed from the DJIA when it subsequently split into two companies. On Wednesday December 12, 2012, Facebook 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.[citation needed]

Changes in 2013[edit]

On January 15, 2013, Starz Inc. replaced Liberty Media after a spinoff.[citation needed] On March 18, 2013, Kraft Foods Group Inc. replaced Starz Inc.[24] 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 Corporation, which transferred to the NYSE. On July 25, Charter Communications replaced BMC Software.[25] On August 22, Green Mountain Coffee Roasters returned to the index, replacing Life Technologies.[26] On October 29, VimpelCom Ltd. 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.[27] The five companies that were dropped were Fossil, Inc., Microchip Technology, Nuance Communications, Sears Holdings Corporation, 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 Googles 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, Inc., F5 Networks, and Maxim Integrated Products.[28]

Changes in 2015[edit]

On March 23, Walgreens Boots Alliance replaced Equinix in the index. 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.[29] On July 1, Liberty Interactive created two new tracking stocks, tracking the companys 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 the Kraft Heinz Company. 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 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.[30]

Altera was removed on October 7 as a result of its merger with Intel. Incyte replaced Alteras on that date.[31] PayPal was added to the index on November 11, as Broadcom was in the process of merging with Avago.[32]

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, Inc., Maxim Integrated Products, Norwegian Cruise Line, T-Mobile US, and Ulta Beauty, replacing C. H. Robinson Worldwide, Expeditors International, Garmin, Keurig Green Mountain, Staples, Inc., VimpelCom, and Wynn ResortsTwo Liberty Media (Liberty Global plc) tracking stocks (LILA) and (LILAK) were removed from the index, leaving 106 separate components.[33]

Changes in 2016[edit]

On February 1, Avago Technologies changed its name to Broadcom Limited.[34] On February 22, CSX Corporation replaced KLA-Tencor as a member of the index.[35] On March 16, NetEase replaced SanDisk as a member of the index.[36] On April 18, Liberty Media established two tracking stocks (BATRA), (BATRK) to follow the performance of its investment in the Atlanta Braves.[37] On June 20, Dentsply Sirona returned to the index, replacing four Liberty Media tracking stocks (LMCA), (LMCK), (BATRA), (BATRK).[38] On July 18, Microchip Technology Incorporated returned to the index, replacing Endo International plc.[39] On October 19, Shire PLC replaced Linear Technology in the index.[40] 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 and Beyond, NetApp, Stericycle and Whole Foods Market were dropped from the index.[41]

Changes in 2017[edit]

On February 1, Tesla Motors changed its corporate name to simply Tesla.[citation needed] On February 7, J. B. Hunt replaced NXP Semiconductors in the index.[42] On March 20, Idexx Laboratories replaced SBA Communications in the index after SBA converted to a REIT, rendering it ineligible for inclusion.[43] On April 24, Wynn Resorts replaced TripAdvisor.[44] On June 19, MercadoLibre replaced Yahoo! due to its acquisition by Verizon and subsequent conversion to a closed-end fund.[45] On October 23, Align Technology replaced Mattel in the index.[46] 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, Inc. These companies replaced Akamai Technologies, Discovery Communications - both classes listed in the index (DISCA) (DISCK), Norwegian Cruise Lines, Tractor Supply and Viacom.[47]

Changes in 2018[edit]

On July 23, PepsiCo replaced Dish Network.[48] On November 5, NXP Semiconductors replaced CA, which merged with Broadcom.[49] On November 19, Xcel Energy replaced Dentsply Sirona.[50] 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.[51]

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 Corporation replaced Celgene.[52] 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.[53]

Changes in 2020[edit]

On April 20, Dexcom replaced American Airlines Group in the index,[54] and Zoom Video Communications replaced Willis Towers Watson on April 30.[55] On June 22, DocuSign replaced United Airlines Holdings,[56] and other replacements that year included Moderna replacing CoStar Group on July 20,[57] Pinduoduo replacing NetApp on August 24,[58] and Keurig Dr Pepper replacing Western Digital on October 19.[59] 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.[60]

Changes in 2021[edit]

On July 21, Honeywell replaced Alexion Pharmaceuticals, following its acquisition by AstraZeneca.[61] On August 26, Crowdstrike replaced Maxim Integrated Products, who is being acquired by Analog Devices.[62]

References[edit]

  1. ^ NASDAQ-100. Yahoo! Finance.
  2. ^ 10 Fun Facts about the Nasdaq-100 Index. Nasdaq.
  3. ^ Phillips, Matt (March 23, 2011). Q: Why Did QQQQ drop a Q to Become QQQ?. The Wall Street Journal.
  4. ^ Killa, Sweta (September 26, 2019). Guide to 10 Most-Heavily Traded ETFs – via Yahoo! Finance.
  5. ^ Glassman, James K. (February 11, 2015). 3 Lessons for Investors From the Tech Bubble. Kiplingers Personal Finance. Nasdaq.
  6. ^ NASDAQ 100 (^NDX) Stock Price, Quote, History & News. Yahoo! Finance.
  7. ^ a b c DeCambre, Mark (August 6, 2020). Nasdaq Composites record rally takes it to fastest 1,000-point milestone in 20 years. MarketWatch.
  8. ^ NASDAQ 100 (^NDX) historical data. Yahoo! Finance.
  9. ^ Daily Stock Market Overview, Data Updates, Reports & News. Nasdaq.
  10. ^ The DIRECTV Group, Inc. to Join the NASDAQ-100 Index Beginning April 30, 2008 (Press release). GlobeNewswire. April 22, 2008.
  11. ^ CA, Inc. to Join the NASDAQ-100 Index Beginning May 19, 2008 (Press release). GlobeNewswire. May 12, 2008.
  12. ^ FLIR Systems, Inc. to Join the NASDAQ-100 Index Beginning July 21, 2008 (Press release). Globe Newswire. July 14, 2008.
  13. ^ Seagate Technology to Join the NASDAQ-100 Index Beginning November 10, 2008 (Press release). GlobeNewswire. November 3, 2008.
  14. ^ NASDAQ ANNOUNCES THE ANNUAL RE-RANKING OF THE NASDAQ-100 INDEX (Press release). Nasdaq. December 12, 2008.
  15. ^ NEWS CORPORATION TO JOIN THE NASDAQ-100 INDEX BEGINNING JANUARY 20, 2009 (Press release). Nasdaq. January 12, 2009.
  16. ^ PRICELINE.COM INCORPORATED TO JOIN THE NASDAQ-100 INDEX BEGINNING OCTOBER 29, 2009 (Press release). Nasdaq. October 22, 2009.
  17. ^ Nasdaq Indexes Re-Rank Stocks. ETF.com. December 14, 2009.
  18. ^ ANNUAL CHANGES TO THE NASDAQ-100 INDEX (Press release). Nasdaq. December 10, 2010.
  19. ^ Alexion Pharmaceuticals, Inc. to Join the NASDAQ-100 Index Beginning April 4, 2011 (Press release). Nasdaq. March 30, 2011.
  20. ^ Millicom International Cellular: To Consolidate Its Listing on NASDAQ OMX Stockholm (Press release). Business Wire. April 19, 2011.
  21. ^ Sirius XMs Comeback Continues With Addition To Nasdaq 100.
  22. ^ Perrigo Company to Join the NASDAQ-100 Index Beginning December 6, 2011 (Press release). Globe Newswire. December 1, 2011.
  23. ^ ANNUAL CHANGES TO THE NASDAQ-100 INDEX (Press release). Nasdaq. December 9, 2011.
  24. ^ KRAFT FOODS INC. TO JOIN THE NASDAQ-100 INDEX BEGINNING JULY 23, 2012 (Press release). Nasdaq. July 13, 2012.
  25. ^ CHARTER COMMUNICATIONS, INC. TO JOIN THE NASDAQ-100 INDEX BEGINNING JULY 25, 2013 (Press release). Nasdaq. December 14, 2013.
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