San Francisco-based food delivery company DoorDash (DASH) will be added to the Nasdaq-100 Index, along with five other companies, on Dec. 18, the index announced on Friday.
The index, which is made up of 100 of the largest non-financial companies listed on The Nasdaq Stock Market, is also adding CDW Corporation (CDW), Coca-Cola Europacific Partners plc (CCEP), MongoDB, Inc. (MDB), Roper Technologies, Inc. (ROP) and Splunk Inc. (SPLK).
DoorDash’s entry into the index is part of Nasdaq-100 Index’s annual reconstitution of companies that make up the index.
Nasdaq said in the press release that it is also removing the following six companies from the index: Align Technology, Inc. (ALGN), eBay Inc. (EBAY), Enphase Energy, Inc. (ENPH), JD.com, Inc. (JD), Lucid Group, Inc. (LCID) and Zoom Video Communications, Inc. (ZM).
“This milestone is an acknowledgment of our commitment to our mission and the team’s strong execution. We look forward to all we’ll build in the future, on behalf of our shareholders, audiences and the communities we serve,” a DoorDash spokesperson told Supermarket News in response to an email inquiry.
The Nasdaq-100 Index was launched in 1985 with the Nasdaq Financial-100 Index, both of which are used to establish benchmarks for various financial products.
