NASDAQ special rebalancing; no addition or removal from index just weightage change
If the media didn't report, you'll not notice any change at all - normal re-balancing happens quarterly.
Quote:
Nasdaq announced a special rebalance of the Nasdaq-100, effective Monday, July 24, which will be the first day of trading based on the new rebalance parameters.
Normal rebalancing happens on a quarterly basis—at the end of March, June, September and December. Nasdaq is doing this “special” rebalancing to address over-concentration of the index and redistribute weighting across the index. The rebalancing will not include any additions or removals from the index, it will just adjust the overall weighting of some of the components.
Normal rebalancing happens on a quarterly basis—at the end of March, June, September and December. Nasdaq is doing this “special” rebalancing to address over-concentration of the index and redistribute weighting across the index. The rebalancing will not include any additions or removals from the index, it will just adjust the overall weighting of some of the components.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$
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102294285 : This news was like last week news and yet it affected only yesterday
ZnWC OP 102294285 : This article was posted yesterday. Some reported as if some big tech stocks are being removed from the index but in actual fact only weightage is changed. The weightage is adjusted quarterly and we usually didn't feel anything at all.
70714302 102294285 : At that time with Q it was XBD