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ICYMI: Nasdaq to undergo "special" rebalancing effective next week
Essentially, the cause of this "special" rebalance is the fact that have seen a significant rise in Big Tech shares amid the AI boom. Nvidia, Microsoft, Alphabet, Amazon, Apple, and Tesla have seen their stock price rise by roughly 60% on average this year and that is nearly three times more than the average stock of the Nasdaq index itself.Put together, they now consist of just a little over 50% of the total index and that is too much for the Nasdaq's liking. As such, the latest shift will see...
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Posted: Jul 21 2023, 04:49
Author Name: forexlive
Views: 080926