A “special rebalance” of the Nasdaq 100 Index will have Meta, the social media giant behind Facebook, pared back.
- Meta will get a downward revision alongside Apple Inc., Microsoft Corp., Alphabet Inc., Nvidia Corp., Amazon.com Inc., and Tesla Inc.
- At Wells Fargo & Co., the team originally forecast Meta’s weight would be reduced. They later withdrew that view, before ultimately finding out their initial take was correct.