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CNBC Daily Open: Red hot tech

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On Friday, Nasdaq will announce changes to the weighting of component stocks in its popular Nasdaq 100 Index, which has surged about 37% year to date.

, which has surged about 37% year to date — far more than the S&P 500 and the Dow Jones Industrial Average.

While the index is already rebalanced on a quarterly basis, Nasdaq tries to keep the five biggest stocks below a 40% combined weighting in one rebalance per year designated as the annual adjustment.Will something similar happen on the other side of the world? China's technology sector is also starting to see a relief rally after regulators issued a 7.12 billion yuan

 

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CNBC Daily Open: Red hot techOn Friday, Nasdaq will announce changes to the weighting of component stocks in its popular Nasdaq 100 Index, which has surged about 37% year to date.
Source: CNBC - 🏆 12. / 72 Read more »