NASDAQ 100 STOCKS
The NASDAQ-100 is a stock market index made up of 103 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock market. It is a modified capitalization-weighted index. The stocks’ weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components. It is based on exchange, and it is not an index of U.S.-based companies. It does not have any financial companies, since these were put in a separate index.
KEY TAKEAWAYS
- The Invesco QQQ is a popular ETF that tracks the Nasdaq 100 index.
- This technology-heavy index is dominated by big tech names like Apple, Amazon, Google, and Facebook.
- The ETF has an expense ratio of 0.2% and an average daily trading volume of around $15 billion.