Markets
Thursday, 6/25, 09:30 AM
Why Friday Is One of Wall Street's Biggest Volume Days: Russell Reconstitution Explained
- After Friday's close, the Russell stock indexes are rebuilt for the year — forcing index funds to trade tens of billions of dollars of shares in minutes.
- Last year's reconstitution saw more than $200 billion change hands in the closing auctions alone, making it one of the highest-volume days on the calendar.