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Nasdaq at its best position- The Market heavyweights!

Posted By- Admin

18 Jul, 2023

Nasdaq at its best position- The Market heavyweights!

On Friday, the Nasdaq wrapped up the first six months of the year with a 1.5% rally, bringing its gains so far for 2023 to 32%. That's the sharpest first-half jump in the tech-heavy index since 1983, when the Nasdaq rose 37%.

In other news, Apple dropped 1.1%, leaving its market capitalization at $2.967 trillion. It closed above the $3 trillion threshold for the first time on June 30. Alphabet and Amazon fell over 2%, while Microsoft and Tesla each slid more than 1%.

Wall Street's most valuable stocks declined after Nasdaq said late on Friday it would carry out a "Special Rebalance" of the index to "address overconcentration in the index by redistributing the weights."