Shares of Lucid Group (NASDAQ: LCID) rose 4% on Monday after news broke that the electric-vehicle (EV) maker would be added to a popular stock index.
Lucid will join the Nasdaq-100 index on Dec. 20. The market-cap-weighted index contains 100 of the largest non-financial companies listed on the Nasdaq Stock Market. Major holdings include Apple, Tesla, and a host of other major tech companies, making the Nasdaq-100 a closely followed benchmark for growth investors.
Image source: Getty Images.
Source Fool.com