The Nasdaq 100 index is set to adjust the weighting of its 100 components before the market open on Monday, July 24, to “address overconcentration in the index by redistributing the weights”  in a Special Rebalance, the exchange stated late Wednesday. The ‘magnificent seven' stocks, including Microsoft (MSFT), Apple Inc (NASDAQ:AAPL) (AAPL),  Nvidia (NVDA), Tesla (TSLA),  Google parent Alphabet (GOOGL), Meta Platforms (META) and Amazon.com (AMZN), currently account for 55% of the index's weighting.
Nasdaq 100 index to rebalance due to Big Tech stock dominance