In its recent announcement on projected changes for the Russell US Indexes at this year’s Russell Reconstitution, FTSE Russell highlighted that Microsoft (MSFT) gained nearly 30% market cap since last year’s Russell rebalance through May 10 rank day to become the largest US stock in the Russell US Indexes this year with a total market cap of $974.2 billion.
Apple, Inc., (AAPL), which has been in the top position since 2012, lost 2.1% of its value in the last year to become the third largest stock in terms of total market cap. Rounding out the top five US stocks at this year’s Russell Reconstitution are #2 Amazon (AMZN) at $930.5 billion, #4 Alphabet (GOOGL) at $808.3 billion and #5 Facebook (FB) at $537.6 billion.
Catherine Yoshimoto, director, product management:
“What a difference a year makes. Occurring each year in June, the Russell US Indexes Reconstitution is like a scorecard on the US equity market, highlighting significant changes over the past year. As we prepare for the annual rebalance of the Russell US Indexes in late June, our projected index changes show Microsoft assuming the mantel as the largest US stock with Apple falling off the top perch it has held since 2012.”
FTSE Russell’s annual Russell US Index Reconstitution concludes at the close of the US equity markets on Friday, June 28. For more information on the Russell Reconstitution, go to the FTSE Russell website.
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