AAPL survives Nasdaq restructure with only minor blip
Apple stock fell only one percent yesterday as the new Nasdaq weightings came into force. This is seen as a very positive outcome, with many analysts fearing a sharper drop.
In early April I mused on the planned weighting restructure of the Nasdaq-100 and the possible effect on Apple (AAPL) stock. Before yesterday Apple accounted for 20.5 percent of the Nasdaq-100 but has now been reduced to 12.3 percent while peer companies such as Google, Intel, Microsoft and Oracle have seen their proportion rise.