Nasdaq will cut Apple's (AAPL) weighting on the Nasdaq 100 to 12.3% from over 20% in a 'Special...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Nasdaq will cut Apple's (AAPL) weighting on the Nasdaq 100 to 12.3% from over 20% in a 'Special Rebalance' to more accurately reflect the number of Apple's shares. The reduced weighting, effective May 2, could cause significant selling pressure on Apple by money managers tracking the index. Shares -2.7%.