The dominance of big tech companies has stopped at the Nasdaq 100
Measures are being taken to reduce the influence of large companies on the index.
The seemingly unstoppable growth of megacapitals like Apple Inc. and Microsoft Corp., means that they violated the upper limit set for Nasdaq 100 shares. As a result, Nasdaq Inc. announced a "special rebalancing" - the first of its kind. — the weights of the index members will be redistributed.
The index provider says the July 24 adjustment will "remove excessive concentration in the index by rebalancing the weights," according to the firm on Friday, with more details to be released later...