Straits Times Index
3,331.70 +5.42 (+0.16%) S&P 500
5,469.30 +21.43 (+0.39%) Dow
39,112.16 -299.05 (-0.76%) Nasdaq
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I:RUT Aug 2024 Weekly 2150.000
- Investing.com
Russell rebalance: Deeper tech under-weighting awaits large-cap growth PMs
Benchmark indexes by FTSE Russell are set to undergo this week, with the past year’s unprecedented rally in AI-related stocks expected to leave a major impact on the indexes’ final composition.
- Associated Press Finance
How major US stock indexes fared Tuesday, 6/25/2024
A rebound for Nvidia propped up a weakened Wall Street and kept U.S. stock indexes close to their records. The Nasdaq composite leaped 1.3% for its first gain in four days. The Nasdaq composite rose 220.84 points, or 1.3%, to 17,717.65.
- Reuters
AI stocks to leave big impact on Russell reconstitution
NEW YORK (Reuters) -Investors are gearing up for the final reconstitution of the benchmark indexes by FTSE Russell on Friday, with the furious rally in artificial intelligence (AI) related stocks over the past year expected to leave an outsized imprint on their final shape. The Russell Reconstitution, an event that typically results in one of the busiest trading days of the year, will become official after the closing bell on Friday and concludes a multi-step process by FTSE Russell for the annual refresh of its indexes. This refresh encompasses a range of the Russell indexes, such as the Russell 1000 index of large-cap stocks and the Russell 2000 index of small-cap names which together make up the Russell 3000 index.
