U.S. Russell Index rebalancing: Google and AMD removed from the Russell 1000 Value Index
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The index provider will update the market capitalization thresholds dividing large-cap, mid-cap, small-cap, and micro-cap stocks. Alphabet, the parent company of Google, and AMD became the largest deletions in the Russell 1000 Value Index, with both companies now fully classified under the growth category. Among the top ten companies by market capitalization, nine retained their positions, with Walmart replacing Eli Lilly as the only new entrant on the list.
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