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CHART OF THE DAY: Only 31% Of The NASDAQ 100 Stocks In 2001 Remain In The Index Today

Aug 9, 2013, 00:17 IST

The analysts at Goldman Sachs just presented their list of eight technologies that will reshape how we do business in the coming years.

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To illustrate how fast new innovations can come on the scene and wipe out enterprises, they offer the following startling statistic: of the firms listed on the NASDAQ 100 as of 2001, just 31% remain today.

"In our view, the higher turnover of NDX constituents is marked by the predominance of technology-driven names on this index," the write.

"In Exhibit 2, we review the change in index composition at three-year intervals since the start of 2001 through now. While we acknowledge this exercise is somewhat simplistic, as it focuses only on publicly traded companies and does not account for M&A activity, we believe it serves as a useful proxy with which to assess change."

There remain just 56% of 2001-listed firms on the S&P500, they add.

Goldman Sachs, Business Insider

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