NASDAQ on Tuesday announced that it will adjust the weighing of several companies in the NASDAQ-100 index to better reflect their market capitalizations. The NASDAQ-100 index is comprised of the 100 biggest non-financial stocks on the NASDAQ exchange. The adjustment, which will take place on May 2nd, is the first of its kind since 1998. Apple will take the biggest hit as its weighting will be adjusted down from 20.46% of the the index to 12.33%. The Cupertino-based company’s representation on the NASDAQ-100 is currently six times that of the No. 2 company, Microsoft, which will see its weight doubled on May 2nd. A total of 82 stocks will be adjusted downward while 18 companies including Microsoft, Google, Intel, Cisco and Oracle will get larger shares.
Apple weighting lowered in Nasdaq-100; Microsoft, Google raised
Updated Dec 19th, 2018 7:09PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
