Nasdaq Rebalancing 100 Index To Reduce Apple’s Influence

Posted Apr 5, 2011

The Nasdaq had announced this morning that they are rebalancing the Nasdaq 100 Index to lower the influence of Apple Inc. (NASDAQ:AAPL) on behalf of companies like Google, Cisco, Microsoft, and Oracle. The Nasdaq said that the goal was to make the weight of the Index Securities closer to the actual market capitalizations of the companies involved in the 100 Index. The weight of Apple in the index is over 20%. In the past two years, Apple’s share have been up over fourfold. The rebalancing will take place on May 2nd and Apple will only make up 12% of the Nasdaq-100. [GeekWire]