Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index^® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 18, 2023.

The following six companies will be added to the Index: CDW Corporation (Nasdaq: CDW), Coca-Cola Europacific Partners plc (Nasdaq: CCEP), DoorDash, Inc. (Nasdaq: DASH), MongoDB, Inc. (Nasdaq: MDB), Roper Technologies, Inc. (Nasdaq: ROP), and Splunk Inc. (Nasdaq: SPLK).

The Nasdaq-100 Index^® is composed of 100 of the largest non-financial companies listed on The Nasdaq Stock Market^® and dates to January 1985 when it was launched along with the Nasdaq Financial-100 Index^®, which is comprised of 100 of the largest financial stocks on Nasdaq^®. These indexes act as benchmarks for financial products such as options, futures, and funds. The Nasdaq-100^® is reconstituted each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.

The Nasdaq-100 Index^® is the basis of the Invesco QQQ Trust (Nasdaq: QQQ) which aims to provide investment results that, before expenses, correspond with the Nasdaq-100 Index^® performance. In addition, options, futures and structured products based on the Nasdaq-100 Index^® and the Invesco QQQ Trust trade on various exchanges.

As a result of the reconstitution, the following six companies will be removed from the Index: Align Technology, Inc. (Nasdaq: ALGN), eBay Inc. (Nasdaq: EBAY), Enphase Energy, Inc. (Nasdaq: ENPH), JD.com, Inc. (Nasdaq: JD), Lucid Group, Inc. (Nasdaq: LCID), and Zoom Video Communications, Inc. (Nasdaq: ZM).