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Nasdaq 100 rebalancing will decrease Apple's weight, boost Microsoft's

April 5, 2011 |  3:55 pm

Apple Retail Store San Francisco

Apple's influence on the Nasdaq 100 will soon see a decline as Nasdaq OMX announced it was going to rebalance the weight of the companies listed on the index.

The Cupertino iPad maker currently accounts for more than 20% of the Nasdaq 100, a listing of the 100 largest nonfinancial stocks that trade on the Nasdaq. After the rebalancing goes into effect, Apple will account for 12% of the Nasdaq 100, according to a report from the Wall Street Journal.

Over the last four years, Apple's stock prices have increased by more than 400%, which could be a motivating factor in the rebalancing, the Journal noted.

Aside from Apple, 81 stocks will also receive a decreased share of the index, while the remaining 18 stocks on the Nasdaq 100 will see an increase in weight, the Journal said.

Among those benefiting from the rebalancing will be Microsoft, which will be pushed to an 8.3% share  of the index from a 3.4% share, the Journal said. Microsoft once saw its share of the index drop in 1998, when the only other Nasdaq 100 rebalancing took place.


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-- Nathan Olivarez-Giles

Photo: The Apple logo is displayed on the exterior of an Apple retail store in San Francisco in January. Credit: Justin Sullivan / Getty Images