Walmart Inc. to Join the Nasdaq-100 Index® Beginning January 20th, 2026

Rhea-AI Summary

Walmart (Nasdaq: WMT) will be added to the Nasdaq-100 Index®, the Nasdaq-100 Equal Weighted™ Index, and the Nasdaq-100 Ex-Tech Sector™ Index prior to market open on Tuesday, January 20, 2026. Walmart will replace AstraZeneca (Nasdaq: AZN) in those three indexes; AstraZeneca will also be removed from a broader set of Nasdaq-100 variants on the same date. The change takes effect the first trading day following the third Friday of the month. Note: the market will be closed on Monday, January 19, 2026 in observance of MLK Jr. Day.

The Nasdaq-100 tracks 100 of the largest non-financial companies listed on the Nasdaq Stock Market and spans sectors including technology, retail, healthcare, telecommunications, biotechnology, and media.

Positive

• Walmart added to Nasdaq-100, Nasdaq-100 Equal Weighted, and Nasdaq-100 Ex-Tech on Jan 20, 2026
• Inclusion spans multiple Nasdaq-100 index variants effective the same date

Negative

• AstraZeneca removed from multiple Nasdaq-100 indexes effective Jan 20, 2026

Key Figures

Index change date January 20, 2026 Effective date for Walmart joining Nasdaq-100 prior to market open

Holiday closure January 19, 2026 Market closed for MLK, Jr. Day before index change

Nasdaq-100 constituents 100 companies Number of largest non-financial companies tracked by the Nasdaq-100 Index

Market Reality Check

$98.24 Last Close

Volume Volume 3,441,006 vs 20-day average 3,724,002, about 8% below typical activity. normal

Technical Price $98.24 is trading above the 200-day MA at $87.66, reflecting a sustained longer-term uptrend.

Peers on Argus

NDAQ fell about 1.5% while key peers were mixed: ICE up 2.12%, MSCI roughly flat, COIN and CME down. With no peers in the momentum scanner, this points to stock-specific trading rather than a coordinated sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Jan 06	Earnings call notice	Neutral	-0.3%	Scheduled Q4 and full-year 2025 results call and webcast details.
Dec 24	Short interest report	Neutral	+0.7%	Updated mid-month short interest and days-to-cover statistics across Nasdaq.
Dec 19	Trading halt notice	Neutral	+0.7%	Announcement of a trading halt in Magnitude International Ltd for more information.
Dec 18	Listings performance	Positive	+1.1%	Report of strong 2025 listings activity and major transfers including Walmart.
Dec 15	Debt tender terms	Neutral	-0.7%	Updated caps and pricing for cash tender offers on senior notes.

Pattern Detected

Recent Nasdaq news items have generally been operational or informational, with modest single-day price moves that show no consistent directional pattern around announcements.

Recent Company History

Over the last few months, Nasdaq’s news flow has focused on operations, listings, financing, and capital management. A Dec 18, 2025 update highlighted record $46.65 billion raised from new listings in 2025 and Walmart’s historic transfer. Other items covered short-interest statistics, trading halts in individual securities, and cash tender offers for senior notes. Against this backdrop, today’s change to the Nasdaq-100 index continues the theme of Nasdaq managing its flagship benchmarks and listings ecosystem.

Market Pulse Summary

This announcement details a major rebalance to Nasdaq’s flagship benchmarks, with Walmart joining the Nasdaq-100 and related indexes on January 20, 2026 and AstraZeneca exiting several associated indices. It follows Nasdaq’s earlier disclosure that Walmart’s listing transfer was the largest in its history. Investors may watch how these changes influence index-linked products, trading volumes, and the positioning of Nasdaq’s index and data businesses within its broader growth strategy.

Key Terms

nasdaq-100 index financial

"will become a component of the Nasdaq-100 Index® (NDX®)"

A stock market index made up of the 100 largest non-financial companies listed on the Nasdaq exchange, ranked by the total value of their publicly traded shares. Think of it as a single basket or scoreboard that tracks how a group of prominent, mostly tech- and growth-oriented firms are performing together; investors use it as a benchmark to gauge market trends, build funds or ETFs, and get broad exposure to large-cap Nasdaq-listed stocks.

nasdaq-100 equal weighted index financial

"the Nasdaq-100 Equal Weighted™ Index (NDXE™)"

An index that tracks the same group of 100 large, primarily technology and growth-oriented companies as the Nasdaq-100 but gives each company the same voting power in the index instead of sizing them by market value. It matters to investors because it prevents a few giant firms from dominating returns, offering a more balanced snapshot of performance and a way to pursue broader, less concentration-driven exposure—like rotating equal playing time among teammates rather than relying on the star player.

nasdaq-100 ex-tech sector index financial

"the Nasdaq-100 Ex-Tech Sector™ Index (NDXX™)"

An index that tracks the performance of the largest non‑technology companies from the Nasdaq‑100, omitting firms classified in the technology sector so the measure reflects how the rest of the index is doing. For investors, it’s like watching the same sports league but ignoring one dominant team to see how the other teams perform; this helps isolate returns, risk and diversification effects when technology’s influence would otherwise overwhelm results.

nasdaq-100 esg index financial

"removed from the Nasdaq-100 ESG™ Index (NDXESG™)"

An index that tracks a version of the Nasdaq-100 made up of the same large, mostly technology-focused companies but adjusted to favor firms with stronger environmental, social and governance (ESG) practices. Think of it as a recipe that removes or down-weights ingredients with poor sustainability records so the mix reflects better corporate behavior; investors use it as a benchmark or foundation for funds that aim to combine big-cap market exposure with an ESG tilt, which can influence portfolio risk, returns and capital flows.

nasdaq-100 low volatility financial

"Nasdaq-100 Low Volatility​™ (NDXLV™)"

A Nasdaq-100 Low Volatility measure or product selects stocks from the Nasdaq-100 that have shown smaller price swings and weights them to reduce overall ups-and-downs compared with the full Nasdaq-100. For investors, it’s like choosing a smoother road instead of a bumpy one: it can lower portfolio volatility and potential short-term losses, but may also limit upside during strong market rallies and does not eliminate risk.

ucits financial

"Nasdaq-100 ex Top 30​ UCITS™ (NDX70U™)"

UCITS is a European regulatory standard for pooled investment funds that sets common rules on how they are run, what they can invest in, and how they protect individual investors. Think of it like a certified recipe and passport for retail funds: it assures basic safeguards such as diversification, liquidity and clear reporting, which helps investors compare options, reduces risk of surprise practices, and makes funds easier to buy across borders.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 09, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Walmart Inc. (Nasdaq: WMT), will become a component of the Nasdaq-100 Index^® (NDX^®), the Nasdaq-100 Equal Weighted™ Index (NDXE™), and the Nasdaq-100 Ex-Tech Sector™ Index (NDXX™) prior to market open on Tuesday, January 20, 2026 - the first trading day following the third Friday of the month.

Walmart Inc. will replace AstraZeneca PLC (Nasdaq: AZN) in the Nasdaq-100 Index^®, the Nasdaq-100 Equal Weighted Index, and the Nasdaq-100 Ex-Tech Sector Index. AstraZeneca PLC will also be removed from the Nasdaq-100 ESG™ Index (NDXESG™), Nasdaq-100 ex Top 30™​ (NDX70™), Nasdaq-100 ex Top 30​ UCITS™ (NDX70U™), Nasdaq-100 Sustainable ESG Select™​ (NDXSES™), Nasdaq-100 Low Volatility​™ (NDXLV™), and Nasdaq-100 Select Equal Weight™​ (NDXSE™) prior to market open on Tuesday, January 20, 2026. Please also note that the market will be closed on Monday, January 19, 2026, in observance of MLK, Jr. Day.

The Nasdaq-100 Index is a globally recognized index that tracks the performance of 100 of the largest non-financial companies listed on the Nasdaq Stock Market^® encompassing a diverse range of industries and sectors. From technology and retail to healthcare, telecommunications, biotechnology, and media, these companies collectively shape the new 21st century economy.

To learn more about the Nasdaq-100 Index methodology, visit: https://indexes.nasdaq.com/docs/Methodology_NDX.pdf

For more information about the company, go to https://stock.walmart.com/

About Nasdaq Global Indexes

Nasdaq Global Indexes has been a leader in transparent, market-driven index solutions since 1971. We offer a comprehensive range of indexes spanning asset classes, sectors, and geographies, delivering benchmarks that reflect today’s dynamic markets. Our mission is to create innovative opportunities for financial product sponsors and asset managers to measure risk and performance, supported by personalized index design and solutions tailored to the evolving needs of investors worldwide. To learn more about Nasdaq Global Indexes, visit: https://www.nasdaq.com/solutions/global-indexes

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com

Nasdaq^®, Nasdaq-100 Index^®, Nasdaq-100^®, NDX^®, and Nasdaq Stock Market^® are registered trademarks of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Media Relations Contact		Investor Relations Contact
Name: Maximilian Leitenberger		Name: Index Client Services
Email: Maximilian.leitenberger@nasdaq.com		Email: indexservices@nasdaq.com

-NDAQF-

FAQ

When will Walmart (WMT) join the Nasdaq-100 index?

Walmart will join the Nasdaq-100 prior to market open on Tuesday, January 20, 2026.

Which Nasdaq indexes will Walmart (WMT) be added to on January 20, 2026?

Walmart will be added to the Nasdaq-100, Nasdaq-100 Equal Weighted, and Nasdaq-100 Ex-Tech indexes.

Which company will Walmart (WMT) replace in the Nasdaq-100 on Jan 20, 2026?

Walmart will replace AstraZeneca (Nasdaq: AZN) in the Nasdaq-100 and the two named Nasdaq-100 variants.

Will AstraZeneca (AZN) be removed from other Nasdaq-100 variants on Jan 20, 2026?

Yes, AstraZeneca will be removed from several Nasdaq-100 variants including NDXESG, NDX70, NDXLV, and others prior to market open on Jan 20, 2026.

Why is January 20, 2026 the effective date for the Nasdaq-100 change?

The change takes effect the first trading day following the third Friday of the month, which is Tuesday, January 20, 2026.