Following the announcement by the Nasdaq that they are going to rebalance the Nasdaq 100 weighting, it looks to me that there is now an artificial market as traders start their own rebalancing ahead of the 2nd of May timetable.
A bit more information on potential winners and losers can be found in the following article: www.marketwatch.com: Microsoft, Oracle add heft in Nasdaq 100 rebalance
Apple @ $337.61, -$1.28 (-0.38%)
Cisco @ $18.16, +$0.94 (+5.43%)
Microsoft @ $26.18, +0.40 (+1.55%)
Article links:
- www.marketwatch.com: Chips, Nasdaq-100 rebalance fuel tech gains
- www.marketwatch.com: Microsoft, Oracle add heft in Nasdaq 100 rebalance
Previous post:
- "Nasdaq rebalance hits Apple"
No comments:
Post a Comment