Nasdaq 100
An index of the largest non-financial companies listed on Nasdaq, dominated by technology businesses.
How to read the number
More sensitive to long rates than most: its constituents earn much of their profit far in the future, and dearer money discounts distant income hardest.
When the metric lies
It is called a technology index out of habit — retailers, biotechnology and household goods makers sit inside it too.
Also known as: ndx