What is NASDAQ 100?
The Nasdaq 100 Index is a basket of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange based on market capitalization. The index consists of companies from various industry groups except for the financial industry, like commercial and investment banks. These non-financial sectors include retail or wholesale trade, biotechnology, industrial, technology, computer hardware and software, telecommunications, health care, and others. It does not contain securities of financial companies together with investment companies.
What does NASDAQ 100 stand for?
The NASDAQ 100 is a stock market index made up of 103 equity securities issued by 100 of the largest non-financial companies which are listed on the NASDAQ. NASDAQ-100 is a modified capitalization-weighted index based on exchange, and it is not an index of US-based companies.
How is NASDAQ 100 calculated?
It is a modified market capitalization-weighted index. The value of the NASDAQ 100 Index equals to the total value of the Index share weights, it is also known as the Index Shares, of each of the Index Securities multiplied by each such security’s Last Sale Price seven, and divided by the divisor of the Index.