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Strategies & Market Trends : MELI MercadoLibre
MELI 235.73-0.1%Oct 20 8:10 PM EDTNews

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From: Savant6/21/2017 8:50:24 PM
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NEW YORK, June 09, 2017 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that MercadoLibre, Inc. (Nasdaq: MELI), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) prior to market open on Monday, June 19, 2017. MercadoLibre, Inc. will replace Yahoo! Inc. (Nasdaq: YHOO) which is being removed as a result of their conversion to a closed-end fund.

MercadoLibre, Inc. is headquartered in Buenos Aires, Argentina, and has a market capitalization of approximately $12.4 billion. For more information about the company, go to www.mercadolibre.com.

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Nasdaq Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Dividend and Income (includes Dividend Achievers), Dorsey Wright, Fixed Income (includes BulletShares®), Global Equity, Green Economy, Nordic and Commodity indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. Nasdaq also provides exchange listing, custom index and design solutions to financial organizations worldwide.

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Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11 trillion. To learn more, visit: globenewswire.com
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