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NASDAQ 100 Index
A stock index of the 100 largest companies by market capitalization traded on NASDAQ. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services. Various exchange-traded funds follow the NASDAQ 100 Index. Its symbol on the NASDAQ ticker is QQQ. It is informally called the Cubes.
The ticker symbol and Wall Street name for the popular exchange-traded fund based on the Nasdaq 100 Index. This fund, traded on the American Stock Exchange and the New York Stock Exchange, serves as a proxy for large-cap Nasdaq stocks, including Microsoft, Oracle, Cisco, and Intel. Also called cubes.