Facebook Doesn’t Make Cut For Nasdaq 100 Index, But Will Be Added To Nasdaq Q-50 Index
Nasdaq announced that Facebook will not yet be included in its Nasdaq 100 Index, but the news was not all bad for the social network, as it will be added to the Nasdaq Q-50 Index Sept. 24, bringing it one step closer to the Nasdaq 100.
Nasdaq announced that Facebook will not yet be included in its Nasdaq 100 Index, but the news was not all bad for the social network, as it will be added to the Nasdaq Q-50 Index Sept. 24, bringing it one step closer to the Nasdaq 100.
Being added to the Nasdaq 100 is important to companies because it ensures that exchange-traded funds must own their stocks to maintain their benchmarks.
The stock exchange described the two indices as follows:
The Nasdaq Q-50 Index is a market-capitalization-weighted index designed to track the performance of securities that are next-eligible for inclusion into the Nasdaq 100 Index.
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