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Facebook Added to NASDAQ Q-50, Prelude to NASDAQ-100 Index Addition (FB, CNQR, GRPN, ONXX, RGLD, WDC, MELI, SINA)

The NASDAQ OMX Group Inc. (NASDAQ: NDAQ) has announced its changes in the quarterly reranking of the NASDAQ Q-50 Index, and the effects will take place prior to market open on Monday, September 24, 2012. The index is designed to…

By Jon C. Ogg
Published September 17, 2012, 8:20am ET · 1 min read

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The NASDAQ OMX Group Inc. (NASDAQ: NDAQ) has announced its changes in the quarterly reranking of the NASDAQ Q-50 Index, and the effects will take place prior to market open on Monday, September 24, 2012. The index is designed to track the performance of the 50 securities that are next in line to replace the securities currently included in the NASDAQ-100 Index. The big news is that Facebook Inc. (NASDAQ: FB) is being added to the list, and there is little doubt that Facebook will be added to the NASDAQ-100 at the next rebalance. The other companies being added to the index are as follows:

The following stocks are being removed from the list:

JON C. OGG

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Jon C. Ogg

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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