The Technology Select Sector SPDR Fund has an upcoming rebalance based on Friday's market caps.Nvidia makes up less than 6% despite being only slightly behind the two leaders in market cap.
The jockeying between the biggest stocks in the U.S. market takes on extra importance Friday, as a strong close to the week for Nvidia could cause a huge shift in a $70 billion fund. At stake is one of the top two spots in the Technology Select Sector SPDR Fund , whose June rebalance is based on market cap values as of Friday's close. Apple and Microsoft are the two biggest holdings in the fund, at roughly 22% each.
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