NEW YORK, Dec. 13, 2019 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the results of the annual evaluation of the NASDAQ-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 23, 2019.
The following six companies will be added to the Index: ANSYS, Inc. (Nasdaq: ANSS), CDW Corporation (Nasdaq: CDW), Copart, Inc. (Nasdaq: CPRT), CoStar Group, Inc. (Nasdaq: CSGP), Seattle Genetics, Inc. (Nasdaq: SGEN), Splunk Inc. (Nasdaq: SPLK).
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 evaluated 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 6,673.51% since inception, although past performance is not indicative of future performance.
The NASDAQ-100 Index is the basis of the Invesco 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 Invesco QQQ Trust trade on various exchanges. In March 2019 the QQQ celebrated its 20th anniversary with a celebratory opening bell ringing at Nasdaq MarketSite.
As a result of the evaluation, the following six companies will be removed from the Index: Hasbro, Inc. (Nasdaq: HAS), Henry Schein, Inc. (Nasdaq: HSIC), J.B. Hunt Transport Services, Inc. (Nasdaq: JBHT), Mylan N.V. (Nasdaq: MYL), NortonLifeLock Inc. (Nasdaq: NLOK), Wynn Resorts, Limited (Nasdaq: WYNN).
For information about the six companies to be added to the NASDAQ-100 Index, please visit the following respective company websites:
ANSYS, Inc. - https://www.ansys.com/
CDW Corporation - https://www.cdw.com/
Copart, Inc. - https://www.copart.com/
CoStar Group, Inc. - https://www.costargroup.com/
Seattle Genetics, Inc. - https://www.seattlegenetics.com/
Splunk Inc. - https://www.splunk.com/
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The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
Media Contact: Matthew Sheahan, Nasdaq
Issuer & Investor Contact: Index Client Services
Source: Nasdaq, Inc.