What's prompting the rare special rebalance in the Nasdaq 100? It's triggered when all the Nasdaq 100 stocks with individual 4.5% market value weights collectively account for 48% or more of the index.
And that happened on July 3, with six stocks: Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), Amazon.com (AMZN) and Tesla (TSLA). Together they accounted for 50.9% of the Nasdaq, Bespoke found. It's the third time since 1998 this rebalance happened.