Annual Modifications in the Nasdaq-100 Index Include Prominent Companies

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Nasdaq NDAQ has revealed the outcomes of the Nasdaq-100 Index® NDX annual reconstitution. This adjustment, reflecting the dynamic nature of the market, is scheduled to be implemented before the opening of trading on Monday, December 18, 2023. The Nasdaq-100 Index is renowned for representing the largest non-financial companies listed on the Nasdaq Stock Exchange and this reconstitution can significantly influence the index’s position and performance in the following year.

The Significance of the Nasdaq-100 Reconstitution

The annual reconstitution of the Nasdaq-100 is a critical event as it ensures that the index continues to display an accurate representation of the market segment it aims to mirror. It considers various factors including market capitalization, liquidity, and overall company performance. This reshuffle can attract considerable investor attention, as adjustments in index composition can necessitate corresponding changes in the portfolios of funds and individuals tracking the index.

Companies Entering the Nasdaq-100 Index

Notable entries to the index this year include Enphase Energy ENPH, a leading tech company from Fremont, California with a specialization in comprehensive home energy solutions. Roper Technologies ROP out of Sarasota, Florida, joins with its diversified product portfolio for niche global markets. Also joining the fold is Zoom Video Communications ZM, from San Jose, California, with its high-profile video communication platforms. The beverage sector sees an entry from Coca-Cola Europacific Partners PLC CCEP, a prominent non-alcoholic beverage manufacturer and distributor based in the UK. eBay Inc. EBAY, a global e-commerce giant, further solidifies the technology segment inclusion within the index.

MongoDB, Inc. MDB, a provider of widely used database platforms, and Splunk Inc. SPLK, specializing in data-driven software and cloud solutions, highlight the growing influence of data handling and analysis in the market. With a focus on dental and orthodontic innovation, Align Technology’s ALGN inclusion underscores the importance of healthcare tech advancements. Investment management firm Invesco Ltd. IVZ, headquartered in Atlanta, Georgia, joins the index, reflecting the finance sector's evolving landscape. Lastly, the popular logistics and food delivery service, DoorDash, Inc. DASH, makes its mark from San Francisco, California, illustrating the gig economy's growing footprint in the corporate ecosystem.

Looking Forward

The annual revisions of the Nasdaq-100 Index are a demonstration of the market's changing dynamics and the growing sectors within it. Investors and market participants eagerly watch these changes to adapt their strategies and identify potential growth areas. As the selected companies prepare to take their place in the Nasdaq-100, their performance will be closely scrutinized in the coming financial year, setting a benchmark for innovation and market influence in various industry sectors.

Nasdaq, Index, Reconstitution