Jun

Why $39 Billion of Stocks Traded in One Second on Friday

This year’s rebalancing of FTSE Russell’s indexes affected billions of dollars

A record 1.2 million shares worth more than $39 billion traded in less than a second on Friday during Nasdaq’s closing auction. The reason: the end of this year’s rebalancing of FTSE Russell’s widely followed stock indexes.

There are $9.2 trillion pegged to Russell U.S. benchmarks, dwarfing the $29.5 billion linked to the Dow Jones Industrial Average, which made headlines last week by ejectingGeneral Electric Co. after more than a century…

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Why $39 Billion of Stocks Traded in One Second on Friday

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