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Stock Volume Surges as Russell Change Spurs Index Trader Frenzy

  • Reconstitution day tends to be one of the busiest of the year
  • Event follows U.S.-China trade drama, bank stress test
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An eventful week in the stock market ended with a bang for trading desks as FTSE Russell reshuffled its equity benchmarks.

If China-U.S. trade tensions and bank stress tests weren’t enough, Friday saw share volume explode at the close as managers traded in and out of stocks affected by the changes. For the broader Russell 3000 index, Jazz Pharmaceuticals Plc and Roku Inc. are among the additions, while Delphi Technologies Plc and Ensco Plc will be cut, according to data provided on the index provider’s website.