The following six companies will be added to the Index: Advanced Micro Devices, Inc. (Nasdaq: AMD), lululemon athletica inc. (Nasdaq: LULU), NetApp, Inc. (Nasdaq: NTAP), United Continental Holdings, Inc. (Nasdaq: UAL), VeriSign, Inc. (Nasdaq: VRSN) and Willis Towers Watson Public Limited Company (Nasdaq: WLTW).
The NASDAQ-100 Index is composed of the 100 largest non-financial companies listed on The NASDAQ Stock Market® and dates to January 1985 when it was launched along with the NASDAQ Financial-100 Index®, which is comprised of the 100 largest financial stocks on NASDAQ®. These indexes act as benchmarks for financial products such as options, futures, and funds. The NASDAQ-100 is re-ranked each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.
On a cumulative price return basis, the NASDAQ-100 Index has returned almost 5,459.21% since inception, although past performance is not indicative of future performance.
The NASDAQ-100 Index is the basis of the PowerShares QQQ Trust (Nasdaq: QQQ) which aims to provide investment results that, before expenses, correspond with the NASDAQ-100 Index performance. In addition, options, futures and structured products based on the NASDAQ-100 Index and the PowerShares QQQ Trust trade on various exchanges.
As a result of the re-ranking, the following six companies will be removed from the Index: Express Scripts Holding Company (Nasdaq: ESRX), Hologic, Inc. (Nasdaq: HOLX), Qurate Retail, Inc. (Nasdaq: QRTEA), Shire plc (Nasdaq: SHPG), Seagate Technology PLC (Nasdaq: STX) and Vodafone Group Plc (Nasdaq: VOD).
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The following is brief information about the five companies to be added to the NASDAQ-100 Index.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide.
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth.
NetApp, Inc. provides software, systems, and services to manage and share date on-premises, and private and public clouds worldwide.
United Continental Holdings, Inc., together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America.
VeriSign, Inc. provides domain name registry services and Internet security worldwide.
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide.
Matthew Sheahan, Nasdaq
Issuer & Investor Contact:
Carla Proto, Nasdaq
Natasha Selzer, Nasdaq