A special committee meets quarterly to discuss the structure of the S&P 500, but stocks can be included or excluded at any time. This week it included securities of Etsy, Teradyne, and Catalent, but the hopes for Tesla did not materialize. So far, it meets the formal requirements for inclusion in the Tesla index. This is an American company, whose shares are included in the quotation lists of local stock exchanges, its capitalization exceeds $ 8.2 billion. …

Compliance with these requirements does not guarantee inclusion in the S&P 500, which is what happened with Tesla, which fell 7% as a result. This is not so much, considering that since the beginning of the year they have risen in price more than four times. The S&P 500 itself fell 5.8% last Thursday when it comes to technology stocks. Since this correction affected the well-being of many leaders who are large shareholders of the companies they lead, the four richest representatives of the sector became poorer by $ 25 billion at once.

Jeff Bezos lost $ 9 billion due to the decline in Amazon shares, Elon Musk lost about the same amount, Mark Zuckerberg’s wealth fell by $ 4 billion, and Bill Gates’s wealth fell by $ 3 billion Zuckerberg’s Facebook shares fell less than others, just 3.76%. Experts urge not to compare this correction with the crisis of the early 2000s when many unsecured stocks were circulating on the stock market. The fundamentals of the current market leaders look good, the market was just a little overbought, and now it is approaching equilibrium.