Apple Crunched in Nasdaq Rebalance Nasdaq is taking a bite out of Apple.
In a move likely to ripple across the stock market, Nasdaq OMX plans to announce Tuesday a rare rebalancing of its Nasdaq-100 index, which will reduce the big weighting of Apple Inc. The company currently makes up more than 20% of the index.
The rebalancing was driven in part by the seemingly unstoppable rise in Apple shares, which are up more than fourfold in the past two years. The tech company's big weighting means that a change in fortune for the maker of iPhones, iPods and iPads has a huge impact on one of the most heavily traded indexes in the market. After the rebalancing, which takes effect May 2, Apple will make up 12% of the Nasdaq-100. http://online.wsj.com/article/SB10001424052748704587004576243231566493842.html
AAPL Put Cheer: Apple Recalls Some Verizon iPad 2 Tablets Apple is recalling some of its iPad2 tablets that is designed to run on Verizon's network for connectivity issues. "Duplicate MEID codes were flashed onto an extremely small number of iPad units for the Verizon 3G network," an Apple spokeswoman said.
The company declined to say how many units were impacted by the issue.
Market Data 
Markets 
AI
