sisterdonna
New member
Will be added on Dec 21 (Could be in 2 tranches)
News sent TESLA shares up 13 percent after hours
This addition could minimise the gap between S&P 500 and the Nasdaq index going forward (TESLA has gone up around 400 percent in 2020)
The company it replaces in the index will be revealed later
TESLA would have weightage of more than 1 percent in the index, directly making it into the top 10 stocks
Passive funds following the index will probably have a headache with the addition, having to trade $51 billion collectively
As always, the inclusion in the index could push prices up even higher, and index funds could be buying in at the peak
News sent TESLA shares up 13 percent after hours
This addition could minimise the gap between S&P 500 and the Nasdaq index going forward (TESLA has gone up around 400 percent in 2020)
The company it replaces in the index will be revealed later
TESLA would have weightage of more than 1 percent in the index, directly making it into the top 10 stocks
Passive funds following the index will probably have a headache with the addition, having to trade $51 billion collectively
As always, the inclusion in the index could push prices up even higher, and index funds could be buying in at the peak