US Tech 100
Follow our US Tech 100chart to always stay on top of the latest developments in the US100 Index.
The US Tech 100, also known as the US100, is a stock market index that represents the performance of 103 equity securities issued by the leading 100 non-financial companies listed on the Nasdaq stock market.
The index is calculated according to a capitalisation-weighted method. It includes both the domestic and foreign securities of the largest companies in a variety of industry sectors, such as IT, telecommunications, retail, biotechnology, health care and media. Because of this, it is often called the US Tech 100. However, in recent years, the index has been diversified, although tech companies remain heavily featured.
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Based on a modified capitalisation-weight calculation methodology, the US Tech 100's composition is calculated on a quarterly basis using pre-established distribution requirements. If this is not achieved, then a proprietary algorithm is used.
With Capital.com’s US Tech 100 chart, you can not only quickly view the latest fluctuations in the US100, but also trace the value of the index in historic terms.
The base price of the index was initially set at 250. However, after it closed December 31, 1993, at nearly 800, the base was reset at 125 the following trading day. Over the course of its history, the US100 has experienced many ups and downs, heavily influenced by economic and political events.
The index climbed up to the 4,700 level for the first time at the height of the dot-com bubble in 2000, right before dropping below 900 in 2002, driven by the early 2000s recession, the 9/11 attacks and the Afghan War.
The recovery followed, and the index reached an intraday high of 2,239 in October 2007. But the burst of the US housing bubble and the following financial crisis of 2007-2008 saw the value of the US Tech 100 Index retracing below the 2,000 level in early 2008. On November 20, 2008, it fell as low as 1,018.
According to the US Tech 100chart, after bottoming out at the end of 2008, the index has since been mainly in an uptrend, with the exception of occasional, short-lived negative fluctuations. By May 2013, it had soared to close above 3,000 for the first time since November 2000.
In early 2020, the index saw its value falling from 9,718 on February 19 to 6,994 on March 20 on the back of the Covid-19 outbreak. However, due to unprecedented Federal Reserve aid and optimism for a prompt economic rebound, the US100 quickly erased its year-to-date losses, overcoming the 10,000 mark in the first days of June. The index continued its rally, with its value hovering around 12,500 on December 3, 2020.
You can go long or short on the US Tech 1000 and trace all the latest ups and downs of the index using Capital.com’s proprietary trading platform.
