The term NASDAQ 100 refers to a stock market index first created back in 1985 by NASDAQ, a global financial technology, trading and information services provider. The NASDAQ 100 Index includes equities from 100 of the largest domestic and international non-financial companies.
The NASDAQ 100 Index is a portfolio of over 100 common equites issued by 100 of the largest non-financial companies, in terms of market capitalization, listed on the NASDAQ stock exchange. Companies appearing in the index include computer hardware and software, telecommunications, retail and wholesale trade as well as biotechnology firms. The index explicitly excludes financial and investment companies since they are included in the NASDAQ Financial 100. Performance of the index can be monitored using the stock ticker NDX. The index is calculated using a modified capitalization-weight approach.
In addition to market capitalization, companies included in the NASDAQ 100 must:
Be listed exclusively on the NASDAQ.
Be a publicly-offered stock on an American market for a minimum of three months.
Have average daily trading volume of 200,000 shares or more.
Remain current with respect to their annual and quarterly financial reports.
In addition to the above criteria, companies included in the NASDAQ 100 cannot be a party to a bankruptcy proceeding. Finally, if a company appearing in the NASDAQ 100 has multiple classes of common stock, each of these securities will be included in the index. For this reason, the NASDAQ 100 typically contains over 100 securities.
buying the index, NASDAQ Capital Market Composite, NASDAQ Financial-100 Index, NASDAQ Computer Index, NASDAQ Composite, S&P 500 Index
Explore Investing Further
Trading has never been easier, thanks to the rise of online platforms that enable you to buy and sell various assets at the click of a button. But with so many options available, it can be challenging to decide which platform is right for you.
Looking for a way to avoid swap fees while trading forex?
Below listed are the small reviews of the top 10 ETF brokers available across the United States.
Our top beginner's pick for copy trading is eToro. Read on for more details, plus seven good alternatives.
Swing trading stocks can be a great way for investors to take advantage of short-term stock market movements and gain significant returns. If you're interested in swing trading, the key to success lies in selecting the right stocks to buy and sell quickly for a profit.
The table below lists the best stock picks under $2, listed on public exchanges.
The table below lists the best stock picks under $1, listed both on public and OTC exchanges.
This section will highlight the best EV-trading penny stocks available in the United States.
The demand for sustainable energy has grown rapidly in recent years. This has resulted in increased scrutiny of the automotive market. As a result, the electric vehicle (EV) industry has made significant advancements.
Intelligent Bio Solutions Inc. is a life sciences company, founded in 2016 with headquarters in New York and is engaged in performing diagnostic tests, real-time monitoring, and non-invasive surgery for its patients. The firm has developed a CoV-2 Biosensor, which can be used in RNA virus detection.
Hour Loop was founded in 2013 with headquarters in Redmond, Washington. It’s an online retailer involved in e-commerce in the United States that hit the public markets on Jan 7th of 2022. The company sells home/garden decor, electronic products, kitchenware, and apparel through walmart.com, amazon.com, and hourloop.com.