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Nasdaq adds new companies including Airbnb, Datadog, Zscaler, and Lucid

In this article:
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Yahoo Finance Live anchors explain the companies joining (and those leaving) the Nasdaq 100 tech index.

Video Transcript

- And finally before we take you to break. Just want to mention the NASDAQ 100 is adding some companies and taking some out. The ones that are being added-- Airbnb and Lucid and Zscaler. There's actually six altogether that are being added. Airbnb trading a little bit lower, but the others are gaining as are these three-- Datadog, Fortinet, and Palo Alto Networks.

Now, when you get these sorts of index changes, right? You have various money that benchmarks to the NASDAQ 100 or whatever index it may be. You have ETFs that track to them as well. So they automatically have to add these stocks. And so you tend to see positive moves when companies are added to an index. Now, there are also companies that are being subtracted from the index to make room for those companies. And those, one would expect to be moving lower here this morning

I've got that list of stocks somewhere around here. But in any case, we're seeing some of those move lower. We'll get them for you at some way. There they are. CDW. Fox, as in the media company, Cerner, Check Point Software, Trip.com, and Incyte. Seeing a little bit of a mixed picture for those. But mostly trending lower here on this Monday morning.