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Netflix, RIM, others get boot from key Nasdaq stock index

The shakeup that landed Facebook on Nasdaq's top 100 list is also leading to the departure of other prominent tech players.

Facebook was added last week to the Nasdaq 100, the collection of the largest 100 nonfinancial companies trading on the stock exchange. Facebook's addition to the index came with the departure of IT consulting company Infosys, which is moving over to the New York Stock Exchange.

However, Infosys is not the only tech company leaving the index. A handful of other prominent tech players, including Netflix and beleaguered handset maker Research In Motion will be dropped from … Read more

Facebook stock likely to get boost from inclusion in Nasdaq 100

Facebook's stock may be getting another boost soon, thanks to Nasdaq.

The social-networking company is set to replace Infosys on the Nasdaq 100, the collection of the largest 100 nonfinancial companies trading on the stock exchange. The company will be added to the index on December 12, according to CNBC, roughly seven months after its difficult IPO.

In addition to being an apparent nod toward the company's growing influence in the tech community, the move is also expected to lead to a stock price uptick as index fund managers snap up the stock to ensure that their fund … Read more

Nasdaq rebalance doesn't ding Apple stock

Apple's stock is still very much in demand despite recent concerns that a lightening of its shares on the Nasdaq 100 would lead to a sell-off and thus a price drop, according to Reuters.

In an attempt to rebalance the weighting of companies on the tech-heavy Nasdaq 100 index, the exchange recently shrunk the percentage taken up by Apple to 12.33 percent from 20.49 percent--the largest individual change. At the same time, Nasdaq bumped up the weightings on the shares of other tech giants, including Microsoft, Cisco Systems, Google, Intel, and Oracle. Such weightings are used by … Read more

Nasdaq shift to lighten Apple's weighting

The Nasdaq stock exchange will cut the weighting it gives to Apple on a key index at the same time that it boosts the weighting for tech titans including Microsoft and Cisco Systems.

In a major rebalancing of the tech-heavy Nasdaq 100 index, which will go into effect ahead of the market open on May 2, the exchange aims to better reflect the current market values of several significant companies. For example, Apple's weighting on the Nasdaq 100 is currently more than six times that of Microsoft, even though Apple's market value is only 46 percent larger, according … Read more