NAS100

The NAS100 index is also known as Nasdaq 100, US100 or US Tech 100. It includes the stocks of the 100 largest non-financial companies traded on the Nasdaq stock exchange.

The index is tech-heavy, with giants like Amazon, Apple and Microsoft being a part of it. However, it includes stocks from other economic sectors as well – healthcare, consumer goods and services, industrials and telecommunications.

Stocks within NAS 100 are weighted by market capitalisation with a few extra selection rules, such as an average daily volume of traded shares and up-to-date reports, to limit the influence of the largest companies on the overall price.

It is important to note that NASDAQ 100 index is often confused with the NASDAQ Composite index, offering over 3,000 companies listed on the same exchange.

Being dominated by large tech corporations, NAS100 responds differently to worldwide crises like the COVID-19 pandemic compared to other indices. While the stock prices of many companies were tanking due to broken supply chains and other risk factors, the increased reliance on digital services by customers stuck at home brought a long-lasting price spike to NAS100.

However, the index’s value gets affected by other common economic and political factors like the monetary policy of the US Fed Reserve, presidential elections and geopolitical tensions. For example, the index has been particularly sensitive to multiple interest rate hikes by the Fed in 2022 and the invasion of Ukraine by Russia, which triggered the biggest price decline since the beginning of the pandemic.