Moderna Joins Nasdaq 100 Index
Moderna is set to replace Warner Bros Discovery on the Nasdaq 100 index starting October 9. Warner Bros Discovery is also facing removal from major indexes following its pending merger.
Insights:
Moderna will replace Warner Bros. Discovery on the Nasdaq 100 index on October 9, Nasdaq announced on Thursday morning. The shift follows a sixfold surge in Moderna shares over the year, pushing its valuation to $75B. The index restructuring highlights shifting market capitalizations across the United States exchange.
