Big Tech Is Still Too Big for FTSE Russell Despite Stock Slump [Yahoo! Finance Canada]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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Source: Yahoo! Finance Canada
Most Read from Bloomberg After equity trading wraps up on Friday, shares of the iPhone maker and five other technology giants will see their weightings shrink, with the benchmark provider pushing ahead with plans to curb the group's influence in key US growth and value gauges. Together, the reduction is poised to prompt almost $6 billion of share selling from index-tracking funds following the Russell 1000 Growth gauge (ticker RLG), according to an analysis by JPMorgan Chase & Co. analysts Min Moon and Vivek Shah. While the projected outflow is modest, the sheer fact that the technology megacaps are still getting their wings clipped underscores their extreme outperformance for more than a decade. At the peak in July, the cohort comprised
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