MicroStrategy (NASDAQ:MSTR), Palantir Technologies (NASDAQ:PLTR) and Axon Enterprise (NASDAQ:AXON) are set to join the technology-heavy NASDAQ 100 (NDX) index on December 23.
Those three companies and their stocks will replace Super Micro Computer (NASDAQ:SMCI), Moderna (NASDAQ:MRNA) and Illumina (NASDAQ:ILMN) in the index.
This reshuffling of the NASDAQ 100 will commence on Monday, December 23 before the market opens. It’s part of an annual reconstitution process for the NASDAQ 100 index, which includes members of the much larger NASDAQ Composite (IXIC) with the biggest market capitalizations.
This post appeared Dynamic Wealth Report.