Russell Index Adjustment: Google and AMD Removed from Russell 1000 Value Index
On May 25, the Russell U.S. Index series undergoes annual recalibration every June to reflect the changing landscape of the U.S. stock market. The index provider updates the market capitalization thresholds between large-cap, mid-cap, small-cap, and micro-cap stocks. Google's parent company Alphabet and AMD have been removed from the Russell 1000 Value Index, as both companies are now fully categorized under growth attributes. Among the top ten companies by market capitalization, nine positions remain unchanged, with Walmart replacing Eli Lilly as the only new entrant on the list. (Cailian Press)
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