Alaska Air leaves S&P 500, Zoom leaves Nasdaq 100 : Will they ever rerturn?
• Zoom will no longer be a part of the Nasdaq 100, the listing exchange announced Monday morning.
• Sealed Air, Alaska Air Group, and SolarEdge Technologies will drop down from the S&P 500, replaced by Uber Technologies, Jabil, and Builders FirstSource.
• Sealed Air, Alaska Air Group, and SolarEdge Technologies will drop down from the S&P 500, replaced by Uber Technologies, Jabil, and Builders FirstSource.
The work-from-home company Zoom joined Align Technology, eBay, Enphase Energy, JD.com, Lucid Group, and Seagen, leaving the top 100 list. Zoom joined Palaton, another pandemic-era favorite cut from the list in 2022.
Both indexes went through the annual rebalancing of member tickers on Monday. For inclusion into the Nasdaq 100, according to Nasdaq's Index Methodology, a stock needs to see over 200,000 shares changing hands a day. The S&P 500, on the other hand, lists U.S.-based and traded stocks over $14.5B in market cap, which sees 250,000 shares traded volume a day. CDW, Coca-Cola Europacific Partners, DoorDash, MongoDB, Roper Technologies, Splunk, and Take-Two Interactive Software will be added to Nasdaq-100.
$S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$.
What do you think Mooers? Will Zoom and other Pandemic stocks rise back to the top?
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SpyderCall : Its good to point the rebalance and reshuffling of the major ETFs. These events often cause volatility substantial price moves. Great for a swing trader.
Ben Jouda Majda :