Meta, Alphabet Poised to Get Knocked Out of Value Index

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Next month, the stock market will undergo a major reshuffle. Index provider FTSE Russell is rebalancing their stock benchmarks. This move has the potential to affect trillions of dollars worth of investments.

Goldman Sachs estimates that Meta and Alphabet, the parent company of Google, are likely to be kicked out from the Russell 1000 Value Index. Their influence will also grow in the Russell 1000 Growth Index.