A big reshuffling is coming to the stock market next month: Index provider FTSE Russell will be rebalancing its stock benchmarks, a move that typically ripples through trillions of dollars in investments.
Meta and Google-parent Alphabet are poised to get kicked out of the Russell 1000 Value Index, according to Goldman Sachs estimates. Meanwhile, their influence in the Russell 1000 Growth Index will grow.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-05-17-2023/card/meta-alphabet-poised-to-get-knocked-out-of-value-index-wAO5fPLJQHrSk02XwIkE?siteid=yhoof2&yptr=yahoo