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From: Les H	7/11/2023 9:41:46 PM
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Nasdaq 100 Plans Special Rebalance To Curb Dominance Of 'Magnificent Seven' The Nasdaq 100 special rebalance will take place before the market open on Monday, July 24, to "address overconcentration in the index by redistributing the weights." The Nasdaq has only conducted a special rebalance twice in its history: in December 1998 and May 2011. The weighting changes will be announced on Friday, July 14. No stocks will be added or removed. Based on Nasdaq 100 methodology, the combined weight of the five companies with the largest market caps will be set to 38.5%. The five-largest companies, Apple, Microsoft, Google, Amazon and Nvidia had a combined weight of 46.7%. That suggests some notable reduced weightings for these names. Meanwhile, no component outside the top-five market cap companies can have a Nasdaq 100 exceeding the lesser of 4.4% or the weight of the stock with the fifth-largest market valuation. That points to at least a slight decline in TSLA stock's weight. The official reweightings should be released on Friday, perhaps after the close. That will also include stocks that will see increased weightings. investors.com

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