What is Nasdaq-100 index?
Nasdaq-100 index is nothing but an index of 100 largest non-financial companies listed on the NASDAQ market. The index comprises of companies of US as well as foreign countries. Industries from various sectors form part of the index. The industries include technology, healthcare, telecommunications, media, retail, and biotechnology. The Nasdaq-100 is made up of the 107 equity securities which are issued by the 100 largest non-financial firms listed on Nasdaq. The Nasdaq-100 was launched in January 1985.