Animal Spirits Podcast

Talk Your Book: A Short History of the Nasdaq 100

6 snips
Feb 17, 2025
Guest
Emily Spurling
In this engaging discussion, Emily Spurling, SVP and Global Head of Index at Nasdaq, highlights the Nasdaq 100's impressive journey from the dot-com bubble to its current status, nearly hitting 22,000 points. She dives into the evolution of the index, emphasizing tech's growing influence and examines the eligibility criteria for companies. The conversation also addresses market cap intricacies, the significance of R&D investments among listed firms, and the impact of major economic events on the index's composition and performance.
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INSIGHT

NASDAQ-100 Evolution

  • The NASDAQ-100, launched 40 years ago, originally represented companies listed on the NASDAQ exchange.
  • It has evolved into a benchmark reflecting growth and forward-thinking companies.
INSIGHT

Non-Financials and Tech

  • The NASDAQ-100 index excludes financial companies, a historical quirk from its inception.
  • Initially, tech wasn't dominant, but by the mid-90s, it comprised over 50% of the index.
ANECDOTE

Switching to NASDAQ

  • Companies like Pepsi and Honeywell switched to NASDAQ, seeking an association with innovation.
  • They view NASDAQ as a signal of being pioneering and groundbreaking.
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