The Nasdaq 100 ‘special rebalance’ aims to cut Apple, Microsoft, others down to size
Apple, Microsoft, and the rest of big tech have rapidly gotten too big for the Nasdaq 100 index. The index’s solution is a “special rebalance.”John Authers for Bloomberg Opinion:Megacap tech shares have powered six fantastic months for the stock market… So much so that the advance in the S&P 500, according to Bloomberg Intelligence, has been more concentrated among its largest stocks than in any six-month time frame since the turn of the millennium…
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