What is the Nasdaq 100 index?

Oct 13, 2020 (MENAFN via COMTEX) —

(MENAFN – iCrowdNewsWire) Oct 13, 2020

The NASDAQ 100 index tracks the performances of 100 blue-chip widely traded US non-financial companies listed on the Nasdaq stock exchange. NASDAQ is an acronym for the National Association of Securities Dealers Automated Quotations. The exchange-traded fund PowerShares QQQ Trust (QQQ) is responsible for tracking the Nasdaq 100 index. In this piece, you get to learn more about what the Nasdaq is, how it works, and how it compares to the Nasdaq 100 e-mini to enable you to trade the index like a pro.

The Nasdaq 100, otherwise known as the US Tech 100, remains one of the world’s valuable stock indexes. It comprises the major global tech companies and gives insight into the health of the US economy, and to a considerable extent, that of the world.

Nasdaq 100 index components

The US tech 100 index includes large companies from different industries save for the financial industry, including commercial and investment banks. It is a market capitalization-weighted index made up of about 3,300 common equities listed on the Nasdaq stock exchange . These include common stocks, real estate investment, trust, American depository receipts, and limited partnerships. Being a Nasdaq 100 component calls for specific criteria on the part of the companies.

Nasdaq 100 companies must have the following:

Not less than 1,250,000 publicly traded shares at the time of listing and these shares are never to be held by officers or any beneficial partners of more than 10% of the company. Upon listing, the company must have a minimum of 2,200 total shareholders, 450 round lot (100 shares) shareholders, 550 cumulative shareholders with 1.1 million average trading volume over the past 12 months. The company must have a regular bid price of $4.00 at the

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