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Facebook Joins Nasdaq 100

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  • Description

    FBN's Shibani Joshi on Facebook's transition to the Nasdaq 100.

  • Duration 1:51
  • Date

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This transcript is automatically generated

We'll be making its debut it'll be listed on the NASDAQ-100.

Next -- so.

How a company that just went public this year.

-- make its way to the exit -- -- she's covering the story -- -- flexing its muscles you know as far as when I'm hearing it's part of the reason that case -- decided to list on the NASDAQ in the first place not just to be on the exchange thing goodness because we all know.

How that story Lantos also to be part of this index which.

Is comprised of the hundred largest non financial stocks that trade on the NASDAQ on next so Abbott told.

In which they knew in -- -- which is that Indian based IT business consulting firm is out.

And I and FaceBook will be a part -- the NASDAQ-100 this is starting in the beginning of the trading day next Wednesday December 12.

I'm many that's out there hold the NASDAQ-100 whether you actually just traded actively are not part of lots of big funds out there mutual funds that sent back.

Lots of big gains were talking about Google Amazon Netflix technology names but non technology names as well.

-- dollar -- Mattel's Starbucks wind just some of the samplings broad -- of the economy this this index is trying to track managers are throwing FaceBook into minute they're NASDAQ-100 funds -- Scott didn't -- a nice -- so that's what we think it's gonna happen over the next few days is as people as you mentioned they trying -- -- -- -- -- all the same stocks -- in -- -- it in all those -- hundred stocks.

We think a nice pop up but we will not not today that was down now.

But what will not -- easy huge pop up because that usually happen in this reserve for the S&P 500 when stocks get added in there.

That's when we see a bigger sort of investor base react to that.

In May be awhile Google for example had to wait two years before was included in the S&P 500 so face but -- -- have to wait a little bit as well but.

And I certainly something that causes it not to stop the panic is a little more clout began has happened under pinkish findings group.

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