Nasdaq to cuts Apple’s weightage in the index

by Dhiram Shah

Exchange operator Nasdaq OMX Group Inc has announced that it will be slashing Apple heavy weightage in the benchmark Nasdaq 100 index. Upon effect the AAPL will represent 12.33% of the index as compared to 20.49% earlier. Even after the rebalancing Apple will continue to have the highest weightage on the index. The rebalancing would come into effect from May 2.

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