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Nasdaq 100 rebalancing will decrease Apple’s weight, boost Microsoft’s

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Apple’s influence on the Nasdaq 100 will soon see a decline as Nasdaq OMX announced it was going to rebalance the weight of the companies listed on the index.

The Cupertino iPad maker currently accounts for more than 20% of the Nasdaq 100, a listing of the 100 largest nonfinancial stocks that trade on the Nasdaq. After the rebalancing goes into effect, Apple will account for 12% of the Nasdaq 100, according to a report from the Wall Street Journal.

Over the last four years, Apple’s stock prices have increased by more than 400%, which could be a motivating factor in the rebalancing, the Journal noted.

Aside from Apple, 81 stocks will also receive a decreased share of the index, while the remaining 18 stocks on the Nasdaq 100 will see an increase in weight, the Journal said.

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Among those benefiting from the rebalancing will be Microsoft, which will be pushed to an 8.3% share of the index from a 3.4% share, the Journal said. Microsoft once saw its share of the index drop in 1998, when the only other Nasdaq 100 rebalancing took place.

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-- Nathan Olivarez-Giles

twitter.com/nateog


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