Reading the headlines a month ago, you would have thought Apple's insane run in the stock market was over. "Apple Crunched in Nasdaq Rebalance," read the key Wall Street Journal headline. But the reality of the situation was much calmer. And actually, Apple ended up a little ahead of where they were when the news first hit. Here was the situation: because Apple's stock had risen so quickly over the past couple of years, it was accounting for a full 20.5 percent of the Nasdaq 100 index ? a hugely traded collection of 100 stocks on the market. To put the percentage in context, Google was accounting for just 5.8 percent of the index, and Microsoft just 8.3 percent. So the Nasdaq decided to rebalance the index to lower Apple's influence.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/pGVF8qZYkdk/
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