Five Area Companies Added to Nasdaq 100 Index

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