Why Are Datadog, Zscaler, Airbnb, Fortinet, Lucid Trading Higher Premarket?

Airbnb, Inc (NASDAQ:ABNB), Fortinet, Inc (NASDAQ:FTNT), Palo Alto Networks, Inc (NASDAQ:PANW), Lucid Group, Inc (NASDAQ:LCID), Zscaler, Inc (NASDAQ:ZS), and Datadog, Inc (NASDAQ:DDOG) will join the Nasdaq-100 Index before market open on December 20.
The companies will replace CDW Corp (NASDAQ:CDW), Fox Corp (NASDAQ:FOXA) (NASDAQ:FOX), Cerner Corp (NASDAQ:CERN), Check Point Software Technologies Ltd (NASDAQ:CHKP), Trip.com Group Limited (NASDAQ:TCOM), Incyte Corp (NASDAQ:INCY).
The Nasdaq-100 Index comprises the 100 largest non-financial companies listed on The Nasdaq Stock Market and dates to January 1985.
The Nasdaq-100 Index is reconstituted each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.
Related Content: Why Datadog Shares Are Rising
Price Action: DDOG shares traded higher by 3.91% at $181.39 in the premarket session on the last check Monday. FTNT shares traded higher by 3.72% at $345; ZS shares traded higher by 3.12% at $315.29; LCID shares traded higher by 7.43% at $40.46, ABNB traded higher by 2.92% at $185.69.