The Nasdaq-100 is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. The Nasdaq-100 is often abbreviated as NDX, 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, inclusion of only growth or value stocks, or exclusion of 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.

History The Nasdaq-100 was launched on January 31, 1985, by the Nasdaq. 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.

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.

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

Selection criteria 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.

Performance Record values CategoryAll-Time Highs Closing 30,732.40 Tuesday, September 22, 2026 Intraday 30,770.63 Tuesday, September 22, 2026

Annual returns Annual returns have been as follows: Year Closing level Change in Indexin Points Change in Indexin % 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 List of 1,000-point milestones by number of trading days Milestone (closing) Date of Record (closing) Trading Days 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 31,000 October 5, 2026 91

List of 10,000-point milestones by number of trading days Milestone (closing) Date of Record (closing) Trading Days 10,000 June 10, 2020 8,912 20,000 July 2, 2024 1,021 30,000 May 26, 2026 475

Related indices 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 List of NASDAQ-100 companies Historical components of the Nasdaq-100 List of recessions in the United States

References

External links

Products Linked to the Nasdaq-100 Nasdaq-100 at Yahoo Finance Nasdaq-100 at Bloomberg L.P.