The biggest tech companies are about to undergo a major reshuffling on the stock market — here’s what’s coming, and why it matters
|08/19/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>