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Nasdaq and Dow Jones DLCs
NASDAQ 100 E-mini Futures
14,914.00
-9.75
(-0.07%)
Last updated: 2023-10-05 07:07 (15 mins delayed)
High: 14,915.00
Prev. Close to 4pm Eastern time: 14,649.00
Low: 14,894.50
Volume: 4.0 (K)
Cash index previous close: 14,776.25 (+1.45%)
DOW JONES E-mini Futures
33,271.00
-55.00
(-0.17%)
Last updated: 2023-10-05 07:07 (15 mins delayed)
High: 33,276.00
Prev. Close to 4pm Eastern time: 33,147.00
Low: 33,259.00
Volume: 1.5 (K)
Cash index previous close: 33,129.55 (+0.39%)
Last updated: 2023-10-05 07:07 (15 mins delayed)

Related DLCs

Name
DLC Code
Expiry Date
Leverage
Factor
Bid
Ask
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Last updated:

Index performance comparison

*Data as of

About the Indices

NASDAQ-100 Index

Benchmark index in the U.S. for the largest technology stocks

  • Launched in 1985
  • 100 of the largest non-financial companies listed on the Nasdaq
  • Include non-U.S. companies
  • It is a market capitalization-weighted index which is similar to the mainstream indices
  • Often confused with the well-known NASDAQ index, which is a composite index that includes almost all companies listed on the Nasdaq Stock Exchange, with a total of over 3,000 companies
Company % of index weight
Apple Inc. (AAPL) 13.70%
Microsoft Corporation (MSFT) 10.48%
Amazon.com Inc. (AMZN) 6.99%
Tesla Inc. (TSLA) 3.83%
Alphabet Inc. (GOOG) 3.69%
Alphabet Inc. (GOOGL) 3.57%
Meta Platforms Inc. (META) 2.60%
NVIDIA Corporation (NVDA) 2.54%
PepsiCo, Inc. (PEP) 2.33%
Costco Wholesales Corp (COST) 2.03%
Source: Bloomberg, as of 21 Oct 2022
Dow Jones Industrial Average

Benchmark index in the U.S. for blue-chip stocks

  • Launched in 1896
  • It is a price-weighted index and tracks 30 most prominent companies traded on the New York Stock Exchange (NYSE) and Nasdaq. Its components are selected by an index committee
  • The compositions were chosen from S&P 500 Index. It covers all industries except transportation and utilities
  • Includes only US companies
  • The use of the word “Industrial” in the name was for historical reason, component companies now have little correlation with the industrial sector
Company % of index weight
UnitedHealth Group Incorporated (UNH) 11.30%
The Goldman Sachs Group Inc (GS) 6.75%
The Home Depot Inc. (HD) 5.85%
Microsoft Corporation (MSFT) 5.50%
McDonald's Corporation (MCD) 5.42%
Amgen Inc. (AMGN) 5.13%
Visa Inc. (V) 4.06%
Caterpillar Inc. (CAT) 3.92%
Honeywell International Inc. (HON) 3.86%
The Travelers Cos Inc (TRV) 3.71%
Source: Bloomberg, as of 21 Oct 2022

U.S. Index DLCs FAQs

Given the different trading hours between the United States and Singapore, will the price of U.S. index DLCs move during Singapore trading hours?

The price of underlying DLCs will move during Singapore trading hours since the issuers use underlying futures as hedging tools. In the case of the Nasdaq, issuers use NASDAQ 100 E-mini Futures, whereas the Dow Jones E-mini Futures is used as hedging tool for the Dow Jones index DLCs. These futures have a very short maintenance period and are traded on the Chicago Mercantile Exchange's electronic trading platform for nearly 24 hours, which means that when events occur in the APAC region or Europe while the U.S. stock market is closed, it will still reflect on the U.S. stock futures immediately. Singapore investors can adjust their strategy before the U.S. stock market opens.

In assessing the performance of the DLCs you should be aware that daily leverage performance of the DLC is always referenced to the previous closing level of the US indices, which is usually 4pm Eastern Time for regular trading days.

Is US indices DLCs subject to forex risk?
What other risks associated with U.S. index DLCs that investors should be aware of?

Need-to-know for U.S. Index DLCs

Different Time Zone
Airbag Mechanism
Due to time zone differences, investors should refer to the price of underlying futures quoted at 4PM (Eastern Time) on the previous trading day when calculating the product performance