Big Tech’s Dominance in Stock Market Hits Breakpoint for Nasdaq 100

The seemingly unstoppable growth of megacaps like Apple Inc. and Microsoft Corp. mean they have breached an upper limit imposed on stocks in the Nasdaq 100.

  • As a result, Nasdaq Inc. has announced a “special rebalance” — the first ever of its kind — will be carried out to redistribute the weight of the index’s members.
  • The index provider says the July 24 adjustment will “address overconcentration in the index by redistributing the weights.”

Click here to read more about the rebalance.