LCID - New Nasdaq 100 tech stocks start week off with mild gains

Palo Alto Networks (NASDAQ:PANW), Zscaler (NASDAQ:ZS) and Airbnb (NASDAQ:ABNB) are among the tech companies set to have a new home, of sorts, as their stocks are being added to the Nasdaq 100 Index. In addition to those three companies, Fortinet (NASDAQ:FTNT), DataDog (NASDAQ:DDOG) and Lucid Group (NASDAQ:LCID) will also take spots on the Nasdaq 100, effective December 20. The Nasdaq 100 includes the largest non-financial companies on the Nasdaq Stock Market and is rebalanced every December. Reaction to the companies inclusion in the Nasdaq 100 was mixed. Palo Alto Networks (PANW) shares edged up by 0.4%, Zscaler (ZS) rose 2.5%, Fortinet (FTNT) was up by 0.5%, DataDog (DDOG) rose 2%, Lucid (LCID) climbed by almost 3%, and Airbnb (ABNB) shares pulled back by 3%. Those six companies will replace CheckPoint Software (NASDAQ:CHKP), CDW (NASDAQ:CDW), Fox (NASDAQ:FOXA), Cerner (NASDAQ:CERN), Trip.com Group (NASDAQ:TCOM) and Incyte (NASDAQ:INCY).

For further details see:

New Nasdaq 100 tech stocks start week off with mild gains