 Nasdaq-100 Index from 1985 to 2015 | |
| Foundation | January 31, 1985; 40 years ago (1985-01-31) |
|---|---|
| Operator | Nasdaq, Inc. |
| Exchanges | Nasdaq |
| Trading symbol | ^NDX or NDX |
| Constituents | 101 |
| Type | Large-cap |
| Market cap | US$26 trillion (as of December 2024[update])[1] |
| Weighting method | Free-float capitalization-weighted |
| Related indices | Nasdaq Financial-100 |
| Website | nasdaq |
TheNasdaq-100 (^NDX[2]) is astock market index made up of equity securities issued by 100 of the largest non-financial companies listed on theNasdaq stock exchange. It is a modifiedcapitalization-weighted index. The stocks' weights in the index are based on theirmarket 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, theNasdaq Financial-100.
The Nasdaq-100 was launched on January 31, 1985, by the Nasdaq.[3] It created two indices: the Nasdaq-100, which consists ofindustrial,technology,retail,telecommunication,biotechnology,health care,transportation,media andservice companies, and theNasdaq Financial-100, which consists ofbanking companies,insurance firms,brokerage firms, andmortgage 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 knownNasdaq Composite. The first annual adjustments were made in 1993 in advance of options on the index that would trade at theChicago 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.
TheInvesco QQQ, anexchange-traded fund sponsored and overseen since March 21, 2007, byInvesco, trades under the tickerNasdaq: QQQ. It was formerly called Nasdaq-100 Trust Series 1. On December 1, 2004, it was moved from theAmerican Stock Exchange, where it had the symbol QQQ, to theNasdaq, 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 tradedexchange-traded funds in the United States.[6]
The Nasdaq-100 is often abbreviated as NDX, NDQ, NAS100 or US100 in thederivatives markets. Its correspondingfutures contracts are traded on theChicago Mercantile Exchange. The regular futures are denoted by theReuters Instrument Code ND, and the smallerE-mini version uses the code NQ. Both are among the most heavily traded futures at the exchange.[7]
The index set highs above the 4,700 level at the peak of thedot-com bubble in 2000, but fell 78% during thestock 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 thelate-2000s recession, theUnited States housing bubble and thefinancial 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 abear market. The Nasdaq-100, with much of the broader market, experienced alimit down open on October 24 and reached a 6-year intraday low of 1,018 on November 20, 2008.[citation needed]
Amidquantitative easing (QE) from theFederal 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 the2000 United States elections and more than triple the 2008 low.
| Category | All-Time Highs[9] | |
|---|---|---|
| Closing | 22,175.60 | Wednesday, February 19, 2025 |
| Intraday | 22,222.61 | Wednesday, February 19, 2025 |
| 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 |
| 22,000 | December 16, 2024 | 26 |
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 |
| 2024 | 21,012.17 | 4,186.24 | 24.88 |
The Invesco QQQ ETF has been averaging an annual return rate of 10.09% since its inception back in March 1999. A $1,000 invested in QQQ January 2015 was worth a total of $5,431.98 10 years later at January 18, 2025, assuming the dividends were reinvested withDRIP. That's an annual return rate of 18.44% with a total return of 443.20%.[12]
The Nasdaq has refined a series of stringent standards which companies must meet to be indexed. Those standards include:
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]
While the composition of the Nasdaq-100 changes in the case of delisting (such as transferring to another exchange,mergers and acquisitions, or declaringbankruptcy, and in a few cases, being delisted by Nasdaq for failing to meet listing requirements), the index is reconstituted 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]
As of June 2024, all companies are ranked by the size of their market values as of the last trading day of November.[13]
Prior to June 2024, there were two tools the Nasdaq used to determine the market values of companies for the annual review:
To determine the new composition of the index: The top 75 components that meet Nasdaq's standards are automatically included in the index as of the end of the third Friday in December. 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, provided that 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.
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, viapress 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]
The Nasdaq-100 is frequently confused with theNasdaq 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 modifiedcapitalization-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:
The index is rebalanced annually, after the quarterly rebalancing, only if:
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 companiesincorporated 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]
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 notede-commerce companiesAmazon.com andeBay, which are classified as retailers.[citation needed]
| Company | Ticker | 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 |
| AppLovin | APP | Information Technology | Application Software |
| 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 |
| Axon Enterprise | AXON | Industrials | Aerospace & Defense |
| Baker Hughes | BKR | Energy | Oil & Gas Equipment & Services |
| Biogen | BIIB | Health Care | Biotechnology |
| Booking Holdings | BKNG | Consumer Discretionary | Hotels, Resorts & Cruise Lines |
| Broadcom | 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 |
| 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 |
| 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 |
| MicroStrategy | MSTR | Information Technology | Application Software |
| 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, Inc. | 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 |
| Palantir Technologies | PLTR | Information Technology | Internet Services & Infrastructure |
| 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 |
| 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 December 23, 2024. An up-to-date list is available in theExternal links section.
As of December 2024, 518 companies have been components of the index. Of these, only four, Apple, Costco (through its merger in 1993 withPrice 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.[15]
DirecTV replacedBEA Systems on April 30, 2008[16]CA Technologies replacedTellabs on May 19, 2008.[17]FLIR Systems replacedUAL Corporation on July 21, 2008,[18] and on November 10, 2008Seagate Technology replacedMonster Worldwide.[19] 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 andWarner Chilcott, replacingAmylin Pharmaceuticals,Cadence Design Systems,Discovery Communications,Lamar Advertising Company,Leap Wireless International,Level 3 Communications,PetSmart,SanDisk,Sirius XM Radio,Virgin Media andWhole Foods Market.[20]
On January 20, 2009,News Corporation was added to the index, replacingFocus Media Holding, which did not meet the minimum monthly weight requirements.[21] On July 17, 2009,Cerner replacedSun Microsystems after Sun Microsystems was acquired byOracle. On October 29, 2009,Priceline.com replacedJuniper Networks after Juniper transferred its listing to the NYSE.[22] On December 21, 2009, seven stocks joined the Nasdaq-100 index before the market open:Vodafone,Mattel,BMC Software,Mylan,Qiagen,SanDisk andVirgin Media. These stocks replacedAkamai Technologies,Hansen Natural,IAC/InterActiveCorp,Liberty Global,Pharmaceutical Product Development,Ryanair andSteel Dynamics.[23]
On December 20, 2010, seven companies were added to the Nasdaq-100 index:F5 Networks,Akamai Technologies,Netflix,Micron Technology,Whole Foods Market,Ctrip andDollar Tree, replacingCintas,Dish Network,Foster Wheeler,Hologic,J. B. Hunt,Logitech andPatterson Companies.[24] These were the only changes made to the index that year and the fewest since 1997.[citation needed]
On April 4, 2011,Alexion Pharmaceuticals replacedGenzyme before the market open.[25] On May 27, 2011,Green Mountain Coffee Roasters replacedMillicom International Cellular after Millicom (MICC) withdrew its Nasdaq listing.[26] On July 15, 2011,Sirius XM Radio replacedCephalon in the index,[27] and on December 6, 2011,Perrigo joined the index, replacing Joy Global, which transferred its listing to the NYSE.[28] 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 andRandgold Resources, replacingFLIR Systems,Illumina,NII Holdings,Qiagen andUrban Outfitters.[29]
On April 23, 2012,Texas Instruments replacedFirst Solar. On May 30, 2012,Viacom became a component of the index, replacingTeva Pharmaceutical Industries, which transferred to the NYSE. On July 23, 2012,Kraft Foods, now known asMondelez, became a component of the index, replacingCtrip. Kraft Foods was the fourth component of the Nasdaq-100 to also be included in theDow Jones Industrial Average, joiningCisco, 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, replacingInfosys, which transferred its listing to theNYSE. On December 24, 2012, 20 changes to the index took place. The ten companies joining the index wereAnalog Devices,Catamaran Corporation,Discovery Communications,Equinix,Liberty Global,Liberty Media,Regeneron Pharmaceuticals,SBA Communications,Verisk Analytics andWestern Digital. The ten companies being dropped wereApollo Group,Electronic Arts,Flextronics,Green Mountain Coffee Roasters,Lam Research,Marvell Technology Group,Netflix,Research in Motion,VeriSign andWarner Chilcott.[30]
On January 15, 2013,Starz replacedLiberty Media after a spinoff.[citation needed] On March 18, 2013,Kraft Foods replaced Starz.[31] On June 5, 2013,Liberty Media replacedVirgin Media after the companies merged. On June 6, 2013,Netflix replacedPerrigo, which had transferred to the NYSE. On July 15, 2013,Tesla Motors replacedOracle, which transferred to the NYSE. On July 25,Charter Communications replacedBMC Software.[32] On August 22,Green Mountain Coffee Roasters returned to the index, replacingLife Technologies.[33] On October 29,VimpelCom replacedDell. On November 18,Marriott International was added to the index, replacingRandgold Resources.[citation needed]
On December 23, 2013, 10 changes to the index took place. The five companies joining the index wereDISH Network Corporation,Illumina,NXP Semiconductors,Tractor Supply Company andTripAdvisor.[34] The five companies that were dropped wereFossil Group,Microchip Technology,Nuance Communications,Sears Holdings andDentsply.
On April 3, 2014, the Class C common stock ofGoogle 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 thatAmerican Airlines Group,Electronic Arts andLam Research would be added to the index, effective December 22, replacingExpedia Group,F5 Networks andMaxim Integrated Products.[35]
On March 23,Walgreens Boots Alliance replacedEquinix in the index. Although it was still listed on NASDAQ, Equinix converted into areal estate investment trust, making it ineligible for inclusion in the Nasdaq-100, but it did gain eligibility for the Nasdaq Financial-100.[36] 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 withHeinz, becomingKraft 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 byAT&T and replaced byBioMarin Pharmaceutical on July 27.Sigma-Aldrich was removed on July 31, after being acquired byMerck KGaA.Skyworks Solutions replaced Sigma-Aldrich on August 3.[37]
Altera was removed on October 7 as a result of its merger with Intel.Incyte replaced Altera's on that date.[38]PayPal was added to the index on November 11, asBroadcom was in the process of merging with Avago.[39]
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 andUlta Beauty, replacingC. H. Robinson Worldwide,Expeditors International,Garmin,Keurig Green Mountain,Staples,VimpelCom andWynn Resorts. Two Liberty Media (Liberty Global plc) tracking stocks (LILA) and (LILAK) were removed from the index, leaving 106 separate components.[40]
On February 1, Avago Technologies changed its name toBroadcom.[41] On February 22,CSX Corporation replaced KLA-Tencor as a member of the index.[42] On March 16,NetEase replaced SanDisk as a member of the index.[43] On April 18,Liberty Media established two tracking stocks (BATRA), (BATRK) to follow the performance of its investment in theAtlanta Braves.[44] On June 20,Dentsply Sirona returned to the index, replacing four Liberty Media tracking stocks (LMCA), (LMCK), (BATRA), (BATRK).[45]
On July 18,Microchip Technology returned to the index, replacing Endo International.[46] On October 19, Shire PLC replacedLinear Technology in the index.[47] On December 9, the annual re-ranking of the index was announced, resulting in four changes. Joining the index December 19 wereCintas,Hasbro,Hologic andKLA-Tencor.Bed Bath & Beyond,NetApp,Stericycle andWhole Foods Market were dropped from the index.[48]
On February 1, Tesla Motors changed its corporate name to simply Tesla.[49] On February 7,J. B. Hunt replacedNXP Semiconductors in the index.[50] On March 20,Idexx Laboratories replacedSBA Communications in the index after SBA converted to a REIT, rendering it ineligible for inclusion.[51] On April 24,Wynn Resorts replacedTripAdvisor.[52] On June 19,MercadoLibre replacedYahoo! Inc due to its acquisition byVerizon and subsequent conversion to a closed-end fund.[53]
On October 23,Align Technology replacedMattel in the index.[54] On December 8, Nasdaq announced that five companies would enter the index on December 18. They wereASML Holding,Cadence Design Systems,Synopsys,Take-Two Interactive andWorkday These companies replaced Akamai Technologies, Discovery Communications – both classes listed in the index (DISCA) (DISCK), Norwegian Cruise Lines, Tractor Supply and Viacom.[55]
On July 23,PepsiCo replacedDish Network.[56] On November 5,NXP Semiconductors rejoined the index following its failed acquisition byQualcomm, replacing CA, which merged with Broadcom.[57] On November 19,Xcel Energy replaced Dentsply Sirona.[58] 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 andWillis Towers Watson, replacing Express Scripts, Hologic, Qurate Retail Group, Seagate Technology, Shire and Vodafone.[59]
On March 19, the two classes of stock ofFox Corporation replaced the two classes of stock of21st Century Fox. On November 21,Exelon replacedCelgene.[60] 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 andSplunk, replacingHasbro,Henry Schein,J.B. Hunt,Mylan,NortonLifeLock andWynn Resorts.[61]
On April 20,Dexcom replacedAmerican Airlines Group in the index,[62] andZoom Video Communications replacedWillis Towers Watson on April 30.[63] On June 22,DocuSign replacedUnited Airlines Holdings,[64] and other replacements that year includedModerna replacingCoStar Group on July 20,[65]Pinduoduo replacingNetApp on August 24,[66] andKeurig Dr Pepper replacingWestern Digital on October 19.[67] On December 21, six companies joined the index:American Electric Power,Atlassian,Marvell Technology Group,Match Group,Okta andPeloton Interactive. They replacedBioMarin Pharmaceutical,Citrix Systems,Expedia Group,Liberty Global (both classes of shares),Take-Two Interactive andUlta Beauty.[68]
On July 21,Honeywell replacedAlexion Pharmaceuticals, following its acquisition byAstraZeneca.[69]On August 26,Crowdstrike replacedMaxim Integrated Products, which was acquired byAnalog Devices.[70]
On December 10, 2021, Nasdaq announced that six new companies would join the index prior to the market open on December 20, 2021. They areAirbnb (ABNB),Datadog (DDOG),Fortinet (FTNT),Lucid Group (LCID),Palo Alto Networks (PANW), andZscaler (ZS). They replaced CDW (CDW), Cerner (CERN), Check Point (CHKP), Fox Corporation (FOXA/FOX), Incyte (INCY), and Trip.com (TCOM).[71]
On January 24,Old Dominion Freight Line replacedPeloton.[72]
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).[73]
On February 22,AstraZeneca replacedXilinx, which was being acquired byAMD.[74]
On November 21,Enphase Energy replacedOkta.[75]
On December 19, the annual re-ranking of the index took place prior to market open. The six stocks joining the index wereCoStar Group,Rivian Automotive,Warner Bros. Discovery,GlobalFoundries,Baker Hughes andDiamondback 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.[76]
On June 7,GE HealthCare replacedFiserv after Fiserv transferred to the NYSE.[77]
On June 20,Onsemi replacedRivian.[78]
On July 17,The Trade Desk replacedActivision Blizzard.[79]
On December 18, as part of the annual re-ranking,CDW,Coca-Cola Europacific Partners,DoorDash,MongoDB,Roper Technologies andSplunk replaced Align Technologies, eBay, Enphase Energy, JD.com, Lucid Group and Zoom Video Communications.[80] Additionally, SeaGen was dropped after its merger withPfizer was completed on December 14, and was replaced byTake-Two Interactive.[81]
On March 18,Linde replacedSplunk after Cisco completed its acquisition of the company.[82]
On June 24,Arm Holdings replacedSirius XM as the company no longer met minimum weighting standards.[83][84]
On July 22,Supermicro replacedWalgreens Boots Alliance as WBA no longer met minimum weighting standards.[85]
On November 18,AppLovin replacedDollar Tree as Dollar Tree no longer met minimum weighting standards.[86]
On December 13, as part of the annual reconstitution of the index, Nasdaq announced that three new companies would join the index prior to the market open on December 23, 2024. They arePalantir Technologies,MicroStrategy andAxon Enterprise. They replaced Illumina, Moderna, and Supermicro.[87]
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