What to know ahead of Friday's Russell index rebalancing
==========

The annual reconstitution of the Russell indexes is scheduled to take place on Friday's market close. Technology and healthcare sectors are playing key roles in this year's rebalancing. The Russell 1000 is being replenished by technology companies, reflecting the reengineering of the U.S. economy around technology. Small-cap stocks in the Russell 2000 index are seeing a boost in the healthcare sector, with 41 of the 243 companies joining the index falling under healthcare. The sector's weighting is expected to increase to 16.7% from 14.7% after the rebalancing. Technology retains its status as the largest sector, with a weighting of 34.6%. The Russell 1000 has gained 13.9% so far in 2024, while the Russell 2000 is up by half a percent.

#RussellIndex #Rebalancing #Technology #Healthcare #Stocks

https://www.cnbc.com/2024/06/28/russell-reconstitution-to-emphasize-technology-health-care-ceo.html