Nasdaq Removes 12 Tech Cos. From Index
Friday December 13, 7:17 pm ET
By Amy Baldwin, AP Business Writer
Nasdaq Removes 15 Companies From Index, 12 of Them From Technology Sector
NEW YORK (AP) -- It's a sign of bearish times: As the Nasdaq Stock Market did its annual reshuffling of the Nasdaq-100 Index Friday, technology issues got the boot in favor of safer consumer and industrial companies. (more at url)
http://biz.yahoo.com/ap/021213/nasdaq_100_changes_2.html
These changes may cause QQQ to trade more closely with SPY
as tech firms are kicked out and consumer & industrial companies
are placed in the index. It would be interesting to do a before &
after correlation study against different indexes to determine if the
behavior of QQQ changes greatly.
- Greg
Friday December 13, 7:17 pm ET
By Amy Baldwin, AP Business Writer
Nasdaq Removes 15 Companies From Index, 12 of Them From Technology Sector
NEW YORK (AP) -- It's a sign of bearish times: As the Nasdaq Stock Market did its annual reshuffling of the Nasdaq-100 Index Friday, technology issues got the boot in favor of safer consumer and industrial companies. (more at url)
http://biz.yahoo.com/ap/021213/nasdaq_100_changes_2.html
These changes may cause QQQ to trade more closely with SPY
as tech firms are kicked out and consumer & industrial companies
are placed in the index. It would be interesting to do a before &
after correlation study against different indexes to determine if the
behavior of QQQ changes greatly.
- Greg
