Nasdaq-100
Nasdaq-100 Index from 1985 to 2015 | |
| Foundation | January 31, 1985 |
|---|---|
| Operator | Nasdaq, Inc. |
| Exchanges | Nasdaq |
| Trading symbol | ^NDX or NDX |
| Constituents | 103 |
| Type | Large-cap |
| Market cap | US$31 trillion[1] |
| Weighting method | Free-float capitalization-weighted |
| Related indices | Nasdaq Financial-100 |
| Website | www |
- Technology (68.5%)
- Consumer Discretionary (16.5%)
- Telecommunications (3.46%)
- Health Care (3.56%)
- Industrials (3.13%)
- Consumer Staples (2.04%)
- Utilities (1.14%)
- Basic Materials (1.28%)
- 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
[edit source]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
[edit source]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
[edit source]Record values
[edit source]| Category | All-Time Highs[8] | |
|---|---|---|
| Closing | 30,660.60 | Tuesday, June 2, 2026 |
| Intraday | 30,762.20 | Wednesday, June 3, 2026 |
Annual returns
[edit source]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 % |
|---|---|---|---|
| 1985 | 132.29 | ||
| 1986 | 141.41 | 9.12 | 6.89 |
| 1987 | 156.25 | 14.84 | 10.49 |
| 1988 | 177.41 | 21.16 | 13.54 |
| 1989 | 223.84 | 46.43 | 26.17 |
| 1990 | 200.53 | −23.31 | −10.41 |
| 1991 | 330.86 | 130.33 | 64.99 |
| 1992 | 360.19 | 29.33 | 8.86 |
| 1993 | 398.28 | 38.09 | 10.57 |
| 1994 | 404.27 | 5.99 | 1.50 |
| 1995 | 576.23 | 171.96 | 42.54 |
| 1996 | 821.36 | 245.13 | 42.54 |
| 1997 | 990.80 | 169.44 | 20.63 |
| 1998 | 1,836.01 | 845.21 | 85.31 |
| 1999 | 3,707.83 | 1,871.81 | 101.95 |
| 2000 | 2,341.70 | −1,366.13 | −36.84 |
| 2001 | 1,577.05 | −764.65 | −32.65 |
| 2002 | 984.36 | −592.69 | −37.58 |
| 2003 | 1,467.92 | 483.56 | 49.12 |
| 2004 | 1,621.12 | 153.20 | 10.44 |
| 2005 | 1,645.20 | 24.08 | 1.49 |
| 2006 | 1,756.90 | 111.70 | 6.79 |
| 2007 | 2,084.93 | 328.03 | 18.67 |
| 2008 | 1,211.65 | −873.28 | −41.89 |
| 2009 | 1,860.31 | 648.66 | 53.54 |
| 2010 | 2,217.86 | 357.55 | 19.22 |
| 2011 | 2,277.83 | 59.97 | 2.70 |
| 2012 | 2,660.93 | 383.10 | 16.82 |
| 2013 | 3,592.00 | 931.07 | 34.99 |
| 2014 | 4,236.28 | 644.28 | 17.94 |
| 2015 | 4,593.27 | 356.99 | 8.43 |
| 2016 | 4,863.62 | 270.35 | 5.89 |
| 2017 | 6,396.42 | 1,532.80 | 31.52 |
| 2018 | 6,329.96 | −66.46 | −1.04 |
| 2019 | 8,733.07 | 2,403.11 | 37.96 |
| 2020 | 12,888.28 | 4,155.21 | 47.58 |
| 2021 | 16,320.08 | 3,431.80 | 26.63 |
| 2022 | 10,939.76 | −5,380.32 | −32.97 |
| 2023 | 16,825.93 | 5,886.17 | 53.81 |
| 2024 | 21,012.17 | 4,186.24 | 24.88 |
| 2025 | 25,249.85 | 4,237.68 | 20.17 |
Closing milestones
[edit source]List of 1,000-point milestones by number of trading days
[edit source]| Milestone (closing)[8] | Date of Record (closing)[8] | Trading Days[8] |
|---|---|---|
| 1,000 | July 8, 1997 | 3,143 |
| 2,000 | January 11, 1999 | 381 |
| 3,000 | November 18, 1999 | 217 |
| 4,000 | February 8, 2000 | 55 |
| 5,000 | January 6, 2017 | 4,255 |
| 6,000 | September 13, 2017 | 172 |
| 7,000 | January 26, 2018 | 93 |
| 8,000 | July 24, 2019 | 374 |
| 9,000 | January 13, 2020 | 119 |
| 10,000 | June 10, 2020 | 103 |
| 11,000 | August 3, 2020 | 37 |
| 12,000 | August 31, 2020 | 20 |
| 13,000 | January 8, 2021 | 90 |
| 14,000 | April 15, 2021 | 66 |
| 15,000 | July 23, 2021 | 69 |
| 16,000 | November 3, 2021 | 72 |
| 17,000 | January 19, 2024 | 554 |
| 18,000 | February 22, 2024 | 23 |
| 19,000 | June 5, 2024 | 72 |
| 20,000 | July 2, 2024 | 18 |
| 21,000 | November 7, 2024 | 90 |
| 22,000 | December 16, 2024 | 26 |
| 23,000 | July 17, 2025 | 144 |
| 24,000 | September 12, 2025 | 40 |
| 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
[edit source]| Milestone (closing)[8] | Date of Record (closing)[8] | Trading Days[8] |
|---|---|---|
| 10,000 | June 10, 2020 | 8,912 |
| 20,000 | July 2, 2024 | 1,021 |
| 30,000 | May 26, 2026 | 475 |
Related indices
[edit source]Related indices are:
- Nasdaq Composite - includes every company with a primary listing on the Nasdaq
- Nasdaq Financial-100 (IXF) - includes the largest financial companies listed on the Nasdaq
- NASDAQ Q-50 (NXTQ) - includes the 50 stocks that are next eligible for inclusion in the Nasdaq-100
- NASDAQ-100 Technology Sector (NDXT) - an equal weighted index of components of the Nasdaq-100 that have an industry classification of "Technology" per the Industry Classification Benchmark
See also
[edit source]References
[edit source]- 1 2 "Assets and Liquidity in the Nasdaq-100 Ecosystem". Nasdaq. May 14, 2026.
- ↑ "About QQQ". Invesco.
- ↑ "NASDAQ-100 (NDX)". Nasdaq.
- ↑ "10 Fun Facts about the Nasdaq-100 Index". Nasdaq.
- 1 2 "The Nasdaq-100" (PDF). Nasdaq. April 28, 2021.
- ↑ "NASDAQ 100". CPRAM.
- ↑ "NASDAQ 100 Index Methodology" (PDF). Nasdaq.
- 1 2 3 4 5 6 7 "NASDAQ-100 (^NDX)". Yahoo Finance.
- ↑ "NASDAQ 100 (^NDX) historical data". Yahoo! Finance.