GOOG to join NASDAQ-100 stock index

The NASDAQ Stock Market announced on Friday that Google will be added to the NASDAQ 100 on December 19, 2005. (Also included in this addition are Monster.com and Expedia.com.) The NASDAQ 100 (QQQQ) is comprised of the 100 largest non-tech companies (that are not finance companies). With Google stock having dropped regularly over the past week, this will be good news for GOOG shareholders. Why? Because the NASDAQ 100 index fund "is the most actively traded equity security listed in the United States" and its fund holders will be effectively forced to purchase Google stock when it joins the fund. This could send GOOG inching up a bit more than normal towards the latter half of the month. Congrats, Google!