Apple is down 1% before market open 4/5/2011 (Tues.), after Nasdaq OMX Group Inc. (NDAQ), the Nasdaq exchange operator, said Tuesday it would rebalance the Nasdaq 100 effective May 2.
The Wall Street Journal reported that the rebalancing was driven partly by the
rise in Apple shares, which have more than quadrupled in two years. The rebalancing will reduce the tech giant's weighting in the index, which is currently more than 20% to 12%.
Other adjustments:
Oracle +3.4
Microsoft +5
Intel +2.4
Google +1.6
No comments:
Post a Comment