On December 13, 2024, Nasdaq announced changes to the Nasdaq-100 Index, effective before the Market opens on December 23, 2024. Three companies—Palantir Technologies, MicroStrategy, and Axon Enterprise—are set to be added to the index. Meanwhile, Illumina, Super Micro Computer, and Moderna will be removed. The Nasdaq-100 Index includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market and serves as a benchmark for various financial products. This annual reconstitution aligns with the quarterly expiration of certain financial contracts, ensuring that the index reflects the current Market landscape. For more information about the new additions, visit the respective company websites.
Nasdaq-100 Index Welcomes New Additions
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) – Nasdaq has announced important changes to its Nasdaq-100 Index, which takes effect on December 23, 2024. This annual reconstitution highlights the index’s role in representing the largest non-financial companies on the Nasdaq Stock Market.
Three companies are set to join the Nasdaq-100:
- Palantir Technologies Inc. (PLTR)
- MicroStrategy Incorporated (MSTR)
- Axon Enterprise, Inc. (AXON)
These additions reflect the ongoing evolution of the technology sector, where innovation and growth continue to drive Market performance.
The Nasdaq-100 Index serves as a benchmark for various financial products such as options, futures, and exchange-traded funds like the Invesco QQQ Trust (QQQ). As part of this reconstitution, three companies will be removed: Illumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA).
Investors and Market analysts often look to the Nasdaq-100 for insights into the performance of major technology and growth companies. This year’s changes underscore the index’s dynamic nature and its importance in global markets.
For further insights on the newly added companies, you can visit their official websites:
- Palantir Technologies: www.palantir.com
- MicroStrategy: www.microstrategy.com
- Axon Enterprise: www.axon.com
This announcement reaffirms Nasdaq’s commitment to providing transparency and continuous innovation in index offerings, aiding investors worldwide in navigating the capital markets effectively.
Tags: Nasdaq, Nasdaq-100, stock Market, Palantir Technologies, MicroStrategy, Axon Enterprise, index reconstitution, financial products, investing.
What is the Nasdaq-100 Index?
The Nasdaq-100 Index is a stock Market index that includes 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It represents major industries, such as technology, healthcare, and consumer goods.
Why do changes happen annually in the Nasdaq-100 Index?
Changes happen because companies can grow or shrink in size and importance. Each year, the Nasdaq reviews the companies in the index to make sure it reflects the current Market. If a company doesn’t meet the criteria anymore or another company has become larger, adjustments are made.
How are companies chosen for the Nasdaq-100 Index?
To be included in the Nasdaq-100, companies must be non-financial and listed on the Nasdaq. They are selected based on Market capitalization, which means their total stock value. The largest companies get priority.
When do the changes take place?
The annual changes to the Nasdaq-100 Index typically occur in December. This is when the Nasdaq reviews the companies and announces any updates.
How can I find out which companies changed in the Nasdaq-100 Index?
You can find the latest updates on the Nasdaq website or through financial news platforms. They provide details about which companies were added or removed from the index after the annual review.
