Shulou(Shulou.com)11/24 Report--

Beijing time on July 11 morning news, According to reports, Local time Monday, Apple, Microsoft and other head U.S. companies share prices fell. Earlier, the Nasdaq Stock Exchange said it would rebalance its Nasdaq 100 index to address the index's "overconcentration."

Apple shares fell 1.1% on the news, with a market cap of $2.967 trillion. Apple's market cap closed above the $3 trillion mark for the first time on june 30. Alphabet and Amazon both fell more than 2%, while Microsoft and Tesla both fell more than 1%.

Late Friday, the Nasdaq Stock Exchange said it would conduct a "special rebalancing" of the index "to address the index's overconcentration by redistributing weights. "After that, Wall Street's most valuable stocks fell.

The adjustment will be made on the basis of shares outstanding as of July 3, with changes to be announced on July 14 and effective before the opening on July 24.

The NASDAQ 100 index includes the 100 largest companies traded on the Nasdaq exchange. Changes in the index will cause investment funds that track the index to adjust their portfolios and sell shares of companies that have been downweighted in the index.

Wall Street's most valuable companies are the biggest winners in this year's U.S. stock market recovery, with those companies gaining further weight in the Nasdaq 100, Nasdaq Composite and S & P 500 indexes.

The S & P 500 is up 15 percent so far this year, while Nvidia shares have soared 189 percent and Tesla has more than doubled. This year, Microsoft, Amazon and Apple share prices have risen between 38% and 51%.

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