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The biggest tech companies are about to undergo a major reshuffling on the stock market — here’s what’s coming, and why it matters





nasdaq times square

  • MSCI and S&P are soon to make some changes to how tech companies are categorized on the S&P 500 for the first time since 1999.
  • On September 28, a new Communication Services sector will replace the current Telecoms sector, and will include some of the biggest stocks including Facebook and Netflix.
  • It’s only the second sector addition since 1999, and is a recognition of how consolidation has melded the telecom, media, and internet industries together.
  • Exchange-traded funds that track S&P 500 sectors will be most affected by the reclassification, and some big providers are already making changes read more >>>

    Source:: BusinessInsider.Com

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