Newsig · Investing.com
Moderna to join Nasdaq-100 index on Oct. 9, replacing Warner Bros.
Market context: MRNA: Moderna is being added to the Nasdaq-100 index, which forces index-tracking funds to buy the stock. Index inclusion on Oct. 9 will drive significant passive buying demand from Nasdaq-100 tracking funds. QQQ: The Nasdaq-100 ETF will reflect the inclusion of Moderna and removal of Warner Bros. Discovery. QQQ holdings composition changes with Moderna replacing Warner Bros. Discovery effective Oct. 9. WBD: Warner Bros. Discovery is being removed from the Nasdaq-100 index. Removal from the index triggers selling pressure from passive funds that track the Nasdaq-100.
Why it matters
MRNA · Why linked: Moderna is being added to the Nasdaq-100 index, which forces index-tracking funds to buy the stock. Market context: Index inclusion on Oct. 9 will drive significant passive buying demand from Nasdaq-100 tracking funds.
QQQ (Invesco QQQ) · Why linked: The Nasdaq-100 ETF will reflect the inclusion of Moderna and removal of Warner Bros. Discovery. Market context: QQQ holdings composition changes with Moderna replacing Warner Bros. Discovery effective Oct. 9.
WBD · Why linked: Warner Bros. Discovery is being removed from the Nasdaq-100 index. Market context: Removal from the index triggers selling pressure from passive funds that track the Nasdaq-100.
What the market actually did
Measured price behaviour in the window after this story was published — not a forecast.
| Asset | Max move | Net | Window |
|---|---|---|---|
| MRNA | +5.52% | +0.85% | 24h |
| QQQ | +1.15% | +0.22% | 24h |
| WBD | +0.14% | -0.00% | 24h |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy