Monday, 02 July 2018 08:14

Facebook and Google Won’t Be “Tech” Soon

Written by
Rate this item
(0 votes)

(San Francisco)

In what is a very odd and counterintuitive change, in just a matter of weeks, both Facebook and Google will be removed from the S&P 500’s “tech” sector. Indexes are changing up their alignments, and Google and Facebook, along with Netflix and Comcast, will all now move to a new group called “communications-services”. The changes are due to take place on September 28th and will force investors to trade in and out of billions of Dollars of holdings to realign their portfolios.

FINSUM: What this means is that the “tech” sector, and in factor no sector, will now be such a dominant component of the S&P 500. It may also reshape trading patterns, and according to some, boost volatility.

Contact Us



Subscribe to our daily newsletter

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…