Nasdaq 100 Rebalance: Impact on 'Magnificent 7' Stocks

The Nasdaq 100 is undergoing a special rebalance due to the dominance of the "Magnificent Seven" stocks, including Apple, Microsoft, and Amazon. However, Meta Platforms manages to avoid the rebalance and actually sees a slight increase in its weight. Despite the changes, the Nasdaq 100 will still be heavily reliant on a few giant stocks, with the top six accounting for 40% of the index. Historically, the Nasdaq 100 has performed well following special rebalances, suggesting that the market will likely continue its recent trends.