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Five Area Companies Added to Nasdaq 100 Index

Six tech companies were added to the Nasdaq-100 Index (Nasdaq&colon; NDX) last week in an annual reconstitution of the index&period;&NewLine;The following six companies were added to the Nasdaq 100&colon; Airbnb, Inc&period; (Nasdaq&colon; ABNB), Fortinet, Inc&period; (Nasdaq&colon; FTNT), Palo Alto Networks, Inc&period; (Nasdaq&colon; PANW), Lucid Group, Inc&period; (Nasdaq&colon; LCID), Zscaler, Inc&period; (Nasdaq&colon; ZS), Datadog, Inc&period; (Nasdaq&colon; DDOG)&period; All are based in the Bay Area except for Datadog from NY&period;&NewLine;The Nasdaq-100 Index is made up of the 100 largest non-financial companies listed on The Nasdaq Stock Market&period; It began in January 1985 when it was launched along with the Nasdaq Financial-100 Index, which is comprised of the 100 largest financial stocks on Nasdaq&period; These indexes act as benchmarks for financial products such as options, futures, and funds&period; The Nasdaq-100 Index is reconstituted each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter&period;&NewLine;The Nasdaq-100 Index is the basis of the Invesco QQQ Trust (Nasdaq&colon; QQQ) which aims to provide investment results that, before expenses, correspond with the Nasdaq-100 Index performance&period; In addition, options, futures and structured products based on the Nasdaq-100 Index and the Invesco QQQ Trust trade on various exchanges&period;&NewLine;As a result of the reconstitution, the following six companies were removed from the Index&colon; CDW Corporation (Nasdaq&colon; CDW), Fox Corporation (Nasdaq&colon; FOXA/FOX), Cerner Corporation (Nasdaq&colon; CERN), Check Point Software Technologies Ltd&period; (Nasdaq&colon; CHKP), Trip&period;com Group Limited (Nasdaq&colon; TCOM), Incyte Corporation (Nasdaq&colon; INCY)&period;&NewLine;

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