The seemingly unstoppable growth of megacaps like Apple and Microsoft mean they have breached an upper limit imposed on stocks in the Nasdaq 100. As a result, Nasdaq has announced a "special rebalance" - the first ever of its kind - will be carried out to redistribute the weight of the index s members.
What is Nasdaq s special rebalancing and its impact? – The Frontier Post
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What s Behind Nasdaq 100 s First-Ever Special Rebalance ?
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A "special rebalance" of the Nasdaq 100 index will take place later this month as exchange operator Nasdaq looks to reduce the concentration of heavyweight companies that account for nearly half of the index's weight. A blistering rally in growth and technology stocks has lifted the Nasdaq 100 index by 37.5% this year. Microsoft, Apple, Nvidia, Amazon.com and Tesla combined account for 43.8% weight in the index, according to Refinitiv data as of Monday's close.