Walmart To Join Nasdaq 100 Jan 20 as AstraZeneca Exits (Correct)

Walmart Inc. will join the Nasdaq 100 Index, replacing AstraZeneca Plc, Nasdaq Global Indexes said Friday.

The changes will take effect before the market opens on Jan. 20. US markets will be closed on Jan. 19 for a holiday.

Walmart’s addition follows its move last year to shift its stock listing from the New York Stock Exchange to Nasdaq, the largestexchange transfer on record.

Jefferies Financial Group Inc. analysts estimated in December that Walmart’s inclusion could prompt nearly $19 billion of inflows as index-tracking funds and exchange-traded products rebalance their holdings.

The retailer was widely expected to enter the ...