Microsoft surpasses Apple as the largest company in the Russell 1000 Index for the first time since 2020.
Microsoft surpasses Apple as the largest company in the Russell 1000 Index for the first time since 2020, with Microsoft's market cap rising by 27% to $2893.6 billion, while Apple's dropped 2% to $2630 billion. Nvidia and Alphabet swapped positions in the index, and Tesla fell from 8th to 10th place. The Russell US index reconstitution, taking place on June 28th, will reflect market changes and redefine breakpoints between different categories.
May 27, 2024
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