NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) right this moment introduced the outcomes of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX®), which can turn out to be efficient previous to market open on Monday, December 23, 2024.
The following three firms can be added to the Index: Palantir Technologies Inc. (Nasdaq: PLTR), MicroTechnique Incorporated (Nasdaq: MSTR), and Axon Enterprise, Inc. (Nasdaq: AXON).
The Nasdaq-100 Index® consists of 100 of the biggest non-financial firms1 listed on The Nasdaq Stock Market® and dates to January 1985 – practically 40 years in the past –when it was launched together with the Nasdaq Financial-100™ Index, which is comprised of 100 of the biggest monetary shares on Nasdaq® These indexes act as benchmarks for monetary merchandise resembling choices, futures, and funds. The Nasdaq-100® is reconstituted every year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.
The Nasdaq-100 Index® is the premise of the Invesco QQQ Trust (Nasdaq: QQQ) which goals to offer funding outcomes that, earlier than bills, correspond with the Nasdaq-100 Index® efficiency. In addition, choices, futures and structured merchandise based mostly on the Nasdaq-100 Index® and the Invesco QQQ Trust commerce on numerous exchanges.
As a results of the reconstitution, the next three firms can be faraway from the Index: Illumina, Inc. (Nasdaq: ILMN), Super Micro Computer, Inc. (Nasdaq: SMCI), and Moderna, Inc. (Nasdaq: MRNA).
Information
For details about the three firms to be added to the Nasdaq-100 Index®, please go to the next respective firm web sites:
Palantir Technologies Inc. – https://www.palantir.com/
MicroTechnique Incorporated – https://www.microstrategy.com/
Axon Enterprise, Inc. – https://www.axon.com/
About Nasdaq Global Indexes
Nasdaq Global Indexes has been creating modern, market-leading, clear indexes since 1971. Today, our index providing spans geographies and asset courses and contains various. We constantly provide new alternatives for monetary product sponsors throughout a large spectrum of investable merchandise and for asset managers to measure threat and efficiency. Nasdaq additionally offers change itemizing, customized index, and design options to monetary organizations worldwide.
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1 As outlined within the Nasdaq-100 Index® Methodology
About Nasdaq
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The info contained above is offered for informational and academic functions solely, and nothing contained herein needs to be construed as funding recommendation, both on behalf of a specific monetary product or an total funding technique. Neither The Nasdaq OMX Group, Inc. nor any of its associates makes any suggestion to purchase or promote any monetary product or any illustration concerning the monetary situation of any firm or fund. Statements relating to Nasdaq’s proprietary indexes will not be ensures of future efficiency. Actual outcomes could differ materially from these expressed or implied. Past efficiency just isn’t indicative of future outcomes. Investors ought to undertake their very own due diligence and thoroughly consider firms earlier than investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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