Nasdaq100
In short
The Nasdaq-100 is a stock market index containing 100 of the largest non-financial companies listed on the Nasdaq stock exchange.
In plain words
It tracks how the biggest tech and growth companies are doing. It does not include banks or financial firms. Instead, it focuses on sectors like technology, healthcare, and consumer services.
A simple example
If Apple or Microsoft shares rise significantly, the Nasdaq-100 index value will likely go up too. This is because these large companies make up a big part of the index.
Why it matters
Investors use it to measure the health of the technology sector and large-scale innovation. It is a key indicator for the global growth economy.
Easy to mix up
Do not confuse it with the Nasdaq Composite, which includes almost all stocks listed on the Nasdaq exchange.