Google Added to Nasdaq 100

Google(GOOG Quote) will lead a procession of Internet and software companies into the Nasdaq 100 when the index is reconstituted next week, the Nasdaq says.

Google will be joined by Expedia(EXPD Quote), Cadence Design(CDNS Quote), Activision(ATVI Quote), RedHat(RHAT Quote), Monster(MNST Quote), Nvidia(NVDA Quote), NII(NHID Quote), Paterson-UTI(PTEN Quote) and Urban Outfitters(URBN Quote), CheckFree(CKFR Quote) and Discovery Holdings(DISCA Quote).

Coming out will be Molex(MOLX Quote), Invitrogen(IVGN Quote), Career Education(CECO Quote), Dollar Tree(DLTR Quote), Sanmina(SANM Quote), Novellus(NVLS Quote), Smurfit-Stone(SSCC Quote), Intersil(ISIL Quote), Level 3(LVLT Quote) , Qlogic(QLGC Quote), Synopsys(SNPS Quote) and Millennium Pharmaceuticals(MLNM Quote).

The changes will take effect Dec. 19. The Nasdaq 100 is designed to comprise the largest and most liquid nonfinancial stocks on the Nasdaq. The addition of a stock to the group often creates buying interest in the market as mutual funds designed to mimic the index's performance add it to their portfolios.