Google Tops List of New Nasdaq 100 Entries

High-flying Internet company Google Inc. and 11 other companies were added Monday to the Nasdaq 100, the Nasdaq Stock Market’s index of the 100 largest non-financial companies listed on the market.
The Nasdaq 100 is a widely used benchmark for a variety of mutual funds and exchange-traded funds. The Nasdaq 100 Index Tracking Stock, better known as the QQQ, is one of the most popular index-linked stocks in the world and is a component of hundreds of mutual funds and pension funds. The trust that runs QQQ has more than $20 billion under management.Google, which went public in August 2004 and now has a market capitalization of $128.3 billion, was widely expected to join the Nasdaq 100 after seeing its stock price more than quadruple over the past 16 months.The other 11 companies included in the index Monday were NII Holdings Inc., Expedia Inc., Patterson-UTI Energy Inc., NVIDIA Corp., Urban Outfitters Inc., Cadence Design Systems Inc., Activision Inc., RedHat Inc., Monster Worldwide Inc., CheckFree Corp. and Discovery Holding Co. For more details visit here.