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Nasdaq-100

From Wikipedia, the free encyclopedia

Nasdaq-100
Nasdaq-100 Index from 1985 to 2015
FoundationJanuary 31, 1985; 41 years ago (1985-01-31)
OperatorNasdaq, Inc.
ExchangesNasdaq
Trading symbol^NDX or NDX
Constituents103
TypeLarge-cap
Market capUS$31 trillion[1]
Weighting methodFree-float capitalization-weighted
Related indicesNasdaq Financial-100
Websitewww.nasdaq.com/solutions/global-indexes/nasdaq-100
Industry classification of the components of the index per the Industry Classification Benchmark as of July 1, 2026[2]
  1. Technology (68.5%)
  2. Consumer Discretionary (16.5%)
  3. Telecommunications (3.46%)
  4. Health Care (3.56%)
  5. Industrials (3.13%)
  6. Consumer Staples (2.04%)
  7. Utilities (1.14%)
  8. Basic Materials (1.28%)
  9. Energy (0.45%)

The Nasdaq-100 is a stock market index made up of equity securities issued by approximately 100 (currently 102) of the largest non-financial companies listed on the Nasdaq stock exchange. The Nasdaq-100 is often abbreviated as NDX,[3] NDQ, NAS100, or US100. The Nasdaq-100 index is a public float weighted/capitalization-weighted index, with a maximum weight of 24% for the largest component.

Products linked to the Nasdaq-100 include index funds (exchange-traded funds/ETFs and mutual funds) as well as derivatives (options and futures contracts), which are available for trading in many countries with the goal of replicating the performance of the index. Also available are modified index funds; they replicate the performance of the index with modifications such as the use of covered call strategies, equal weighting, performance buffers, leverage, or they exclude certain sectors, all with the goal of changing the risk/return and yield. Invesco QQQ, with approximately $500 billion in assets, has the highest average daily volume of all Nasdaq-100 ETFs. In total, there is approximately $1.4 trillion in assets tracking the index.[1]

History

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The Nasdaq-100 was launched on January 31, 1985, by the Nasdaq.[4] It created two indices: the Nasdaq-100, which consists of industrial, technology, retail, telecommunication, biotechnology, health care, transportation, mass media and service companies, and the Nasdaq Financial-100, which consists of banks, Insurance companies, brokerage firms, and mortgage loan companies.

The base price of the index was initially set at 250. In January 1994, in advance of the launch of options trading on the index by the Chicago Board Options Exchange, the value of the index halved, similar to a 2-for-1 stock split, to make the index value below that of the Nasdaq Composite.[5]

In November 1998, to make the index suitable for the basis of an exchange-traded fund, the index weights were modified away from market cap weights.[5]

Foreign companies were first admitted to the Nasdaq-100 in January 1998.[6]

Selection criteria

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Entry to the index is determined by the Nasdaq Index Management Committee, which follows a strict, transparent, and rules-based methodology rather than a subjective selection process. Requirements to be added to the index include having a primary listing on the Nasdaq and an average daily traded value of at least $5 million. The index components are recalculated annually after the close of trading on the third Friday in December. The number of shares outstanding and public float of each component is updated quarterly.[7]

Performance

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Record values

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Category All-Time Highs[8]
Closing30,660.60Tuesday, June 2, 2026
Intraday30,762.20Wednesday, June 3, 2026

Annual returns

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Annual returns of the Nasdaq-100 since inception in 1985 are as follows:[9]

Year Closing level Change in Index
in Points
Change in Index
in %
1985132.29
1986141.419.126.89
1987156.2514.8410.49
1988177.4121.1613.54
1989223.8446.4326.17
1990200.53−23.31−10.41
1991330.86130.3364.99
1992360.1929.338.86
1993398.2838.0910.57
1994404.275.991.50
1995576.23171.9642.54
1996821.36245.1342.54
1997990.80169.4420.63
19981,836.01845.2185.31
19993,707.831,871.81101.95
20002,341.70−1,366.13−36.84
20011,577.05−764.65−32.65
2002984.36−592.69−37.58
20031,467.92483.5649.12
20041,621.12153.2010.44
20051,645.2024.081.49
20061,756.90111.706.79
20072,084.93328.0318.67
20081,211.65−873.28−41.89
20091,860.31648.6653.54
20102,217.86357.5519.22
20112,277.8359.972.70
20122,660.93383.1016.82
20133,592.00931.0734.99
20144,236.28644.2817.94
20154,593.27356.998.43
20164,863.62270.355.89
20176,396.421,532.8031.52
20186,329.96−66.46−1.04
20198,733.072,403.1137.96
202012,888.284,155.2147.58
202116,320.083,431.8026.63
202210,939.76−5,380.32−32.97
202316,825.935,886.1753.81
202421,012.174,186.2424.88
202525,249.854,237.6820.17

Closing milestones

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List of 1,000-point milestones by number of trading days

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Milestone (closing)[8] Date of Record (closing)[8] Trading Days[8]
1,000July 8, 19973,143
2,000January 11, 1999381
3,000November 18, 1999217
4,000February 8, 200055
5,000January 6, 20174,255
6,000September 13, 2017172
7,000January 26, 201893
8,000July 24, 2019374
9,000January 13, 2020119
10,000June 10, 2020103
11,000August 3, 202037
12,000August 31, 202020
13,000January 8, 202190
14,000April 15, 202166
15,000July 23, 202169
16,000November 3, 202172
17,000January 19, 2024554
18,000February 22, 202423
19,000June 5, 202472
20,000July 2, 202418
21,000November 7, 202490
22,000December 16, 202426
23,000July 17, 2025144
24,000September 12, 202540
25,000 October 8, 2025 18
26,000 October 28, 2025 14
27,000 April 24, 2026 122
28,000 May 5, 2026 7
29,000 May 8, 2026 3
30,000 May 26, 2026 11

List of 10,000-point milestones by number of trading days

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Milestone (closing)[8] Date of Record (closing)[8] Trading Days[8]
10,000June 10, 20208,912
20,000July 2, 20241,021
30,000May 26, 2026475
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Related indices are:

See also

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References

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  1. 1 2 "Assets and Liquidity in the Nasdaq-100 Ecosystem". Nasdaq. May 14, 2026.
  2. "About QQQ". Invesco.
  3. "NASDAQ-100 (NDX)". Nasdaq.
  4. "10 Fun Facts about the Nasdaq-100 Index". Nasdaq.
  5. 1 2 "The Nasdaq-100" (PDF). Nasdaq. April 28, 2021.
  6. "NASDAQ 100". CPRAM.
  7. "NASDAQ 100 Index Methodology" (PDF). Nasdaq.
  8. 1 2 3 4 5 6 7 "NASDAQ-100 (^NDX)". Yahoo Finance.
  9. "NASDAQ 100 (^NDX) historical data". Yahoo! Finance.
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