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Annual Changes to the Nasdaq-100 Index®
AXONAxon(AXON) Newsfilter·2024-12-14 01:00

Nasdaq-100 Index Reconstitution - The Nasdaq-100 Index® will undergo its annual reconstitution, effective prior to market open on Monday, December 23, 2024 [1] - Three companies will be added to the Index: Palantir Technologies Inc (NASDAQ:PLTR), MicroStrategy Incorporated (NASDAQ:MSTR), and Axon Enterprise, Inc (NASDAQ:AXON) [1] - Three companies will be removed from the Index: Illumina, Inc (NASDAQ:ILMN), Super Micro Computer, Inc (NASDAQ:SMCI), and Moderna, Inc (NASDAQ:MRNA) [4] Nasdaq-100 Index Overview - The Nasdaq-100 Index® consists of 100 of the largest non-financial companies listed on The Nasdaq Stock Market® [2] - The Index was launched in January 1985, nearly 40 years ago, alongside the Nasdaq Financial-100™ Index [2] - The Index serves as a benchmark for financial products such as options, futures, and funds [2] - The reconstitution occurs annually in December, timed to coincide with the quadruple witch expiration Friday of the quarter [2] Invesco QQQ Trust and Related Products - The Nasdaq-100 Index® is the basis for the Invesco QQQ Trust (NASDAQ:QQQ), which aims to provide investment results corresponding to the Index's performance before expenses [3] - Options, futures, and structured products based on the Nasdaq-100 Index® and the Invesco QQQ Trust are traded on various exchanges [3] Nasdaq Global Indexes and Company Information - Nasdaq Global Indexes has been creating innovative, market-leading, and transparent indexes since 1971 [5] - The index offering spans geographies and asset classes, providing opportunities for financial product sponsors and asset managers [5] - Nasdaq offers exchange listing, custom index, and design solutions to financial organizations worldwide [5] - For more information on the companies added to the Nasdaq-100 Index®, visit their respective websites: Palantir Technologies Inc, MicroStrategy Incorporated, and Axon Enterprise, Inc [5] Nasdaq's Role in Global Markets - Nasdaq (NASDAQ:NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators [6] - The company aims to deliver world-leading platforms that improve liquidity, transparency, and integrity in the global economy [6] - Nasdaq provides data, analytics, software, exchange capabilities, and client-centric services to help clients optimize and execute their business vision [6]