The semi annual index restructuring of FTSE Russell will take effect after the US stock market is closed this Friday. Nvidia has replaced Apple as the largest heavyweight stock in the Russell 1000 index, and Wal Mart has become one of the top ten heavyweight stocks for the first time. SpaceX and CoreWeave have been included in the index system, with a total of 62 companies newly included in the Russell 1000 Index and 237 companies entering the Russell 2000 Index. Alphabet and AMD withdrew from the Russell 1000 Value Index. This restructuring coincides with the end of season pension rebalancing window in the United States, and Goldman Sachs expects that US pension funds will sell approximately $30 billion worth of stocks by the end of this quarter. JPMorgan Chase pointed out that the overall dividend yield of companies remaining in the Russell 2000 is expected to increase by about 16.5%.
