SuperMicro Computer, MicroStrategy set to join Russell 1000
The Russell 1000 Index, a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, is set to welcome 38 new members.The Technology sector is gaining a significant boost with seven new entrants, including Super Micro Computer and MicroStrategy.
Other sectors such as Industrials, Health Care, Financials, and Consumer Staples will also see new representation with the remaining 11 companies. Moreover, 11 IPOs will be introduced to the Russell 2000 Index, with Health Care IPOs accounting for seven of those and the rest spread across Technology, Industrials, Real Estate, and Energy sectors.
The Health Care sector leads this migration with 41 companies, followed by 15 from Financials, and 13 each from Technology and Industrials, highlighting a dynamic change in the makeup of these influential indexes.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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