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The NASDAQ-100 Index (NDX) is a stock market index that includes 100 of the largest non-financial companies listed on the NASDAQ stock exchange. Here are some key points about the NASDAQ-100:
1. Composition: The index includes companies from various sectors such as technology, consumer discretionary, healthcare, and more. Notable companies in the index include Apple, Microsoft, Amazon, Tesla, and Meta Platforms1.
2. Weighting: The NASDAQ-100 is weighted by market capitalization, meaning larger companies have a greater influence on the index’s performance. This method helps balance the index and limits the dominance of the largest companies1.
3. Exclusions: Financial companies, such as commercial and investment banks, are excluded from the NASDAQ-1001.
4. Trading: Investors can gain exposure to the NASDAQ-100 through various financial instruments like exchange-traded funds (ETFs), mutual funds, futures, and options1.
5. Rebalancing: The index is reviewed quarterly, and adjustments are made to ensure it meets specific criteria and maintains a balanced composition1.
6. Sector Breakdown: As of June 2024, the index’s sector distribution includes:
o Technology: 62.25%
o Consumer Discretionary: 17.02%
o Healthcare: 5.95%
o Industrials: 4.09%
o Telecommunications: 3.87%
o Consumer Staples: 3.34%
o Basic Materials: 1.65%
o Utilities: 1.20%
o Energy: 0.44%1
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