U.S. Russell index adjustment, Google and AMD removed from the Russell 1000 value index.

Every June, the Russell US Index series is recalibrated to reflect the continuously changing landscape of the US stock market. The index providers will update the market cap thresholds between large cap, mid cap, small cap, and micro cap stocks. Google's parent company Alphabet and AMD have become the top targets being removed from the Russell 1000 Value Index, with both companies being fully reclassified into the growth category. Nine out of the top ten companies in terms of market value remain the same, with Walmart replacing Eli Lilly as the only newcomer on the list.