NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX®), which will be effective before market open on Monday, March 23 . December 2024.

The following three companies will be included in the index: Palantir Technologies Inc. (Nasdaq: PLTR), MicroStrategy Incorporated (Nasdaq: MSTR) and Axon Enterprise, Inc. (Nasdaq: AXON).

The Nasdaq-100 Index® consists of 100 of the largest non-financial companies¹ is listed on the Nasdaq Stock Market® and dates back to January 1985 – nearly 40 years ago – when it was launched alongside the Nasdaq Financial-100™ Index, which consists of 100 of the largest financial stocks on the Nasdaq®. These indices serve as benchmarks for financial products such as options, futures and funds. The Nasdaq-100® is reconstituted each December, coinciding with the quadruple expiration on Friday of the quarter.

The Nasdaq-100 Index® is the foundation of the Invesco QQQ Trust (Nasdaq: QQQ), whose objective is to provide investment results that are consistent with the performance of the Nasdaq-100 Index®, before expenses. In addition, options, futures and structured products based on the Nasdaq-100 Index® and the Invesco QQQ Trust are traded on various exchanges.

As a result of the reconstitution, the following three companies will be removed from the index: Illumina, Inc. (Nasdaq: ILMN), Super Micro Computer, Inc. (Nasdaq: SMCI) and Moderna, Inc. (Nasdaq: MRNA).

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Information about the three companies scheduled to be included in the Nasdaq-100 Index® can be found on the following company websites:

Palantir Technologies Inc. – https://www.palantir.com/

MicroStrategy Incorporated – https://www.microstrategy.com/

Axon Enterprise, Inc. – https://www.axon.com/

About the global Nasdaq indices
Nasdaq Global Indexes has been creating innovative, market-leading and transparent indices since 1971. Today, our index offering spans geographic regions and asset classes and includes diverse indices. We continue to provide financial product sponsors across a wide range of investable products and asset managers with new ways to measure risk and performance. Nasdaq also provides listing, custom index and design solutions to financial organizations around the world.

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¹ As described in the Nasdaq-100 Index® methodology

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company that helps corporate clients, investment managers, banks, brokers and exchange operators navigate and interact with global capital markets and the broader financial system. Our goal is to provide world-leading platforms that improve the liquidity, transparency and integrity of the global economy. Our diverse range of data, analytics, software, exchange capabilities and customer-focused services enable customers to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X or at www.nasdaq.com.

The information contained above is for informational and educational purposes only and the information contained herein should not be construed as investment advice, either with respect to any specific financial product or any general investment strategy. Neither Nasdaq OMX Group, Inc. nor any of its affiliates makes a recommendation to buy or sell any financial product or makes any representations regarding the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indices are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is no indication of future results. Investors should conduct their own due diligence and carefully evaluate companies before investing. It is strongly recommended that you seek advice from a securities professional.

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