20-03-2023 19:08 via macdailynews.com

Apple’s tech stock index dominance grows in benchmark overhaul

Apple, already dominant in technology-stock indexes, is about to become even more so after an overhaul of sector benchmarks compiled by S&P Global and MSCI, which takes effect after the market closes Friday, will remove 11 big US stocks from technology-focused indexes.Ryan Vlastelica for Bloomberg News:Payment companies — including Visa Inc., Mastercard Inc., and PayPal Holdings Inc. — will be moved into indexes tracking financial companies, while payroll processors like Paychex
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