By Staff Reporters
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The NASDAQ 100 is Getting Re-Balanced
Before the market opening today, NASDAQ shuffled the weighting of its NASDAQ 100 Index so that the biggest tech companies have less sway.
The issue is that the market caps of tech giants like Microsoft, Apple, and Nvidia have gotten so big recently that when we refer to “the NASDAQ,” we’re actually just talking about a few companies that hold outsized influence (even after the changes, Apple and Microsoft will account for 22% of the index’s weighting).
The re-balancing isn’t expected to have a meaningful impact on stock prices.
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Filed under: "Ask-an-Advisor", Information Technology, Investing | Tagged: Apple, MSFT, NASDAQ, NASDAQ rebalanced, NSDAQ 100, Nvidia, Re-Balanced Index | Leave a comment »