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Wall Street News: GS, MSFT, WMT, GE, CVX, XOM, WFC, FRE, SIRI

This year’s changes to stock indexes maintained by Russell Investments may make June the busiest month for managers who track the gauges since 2007. Besides adding and subtracting companies from its indexes, Russell also reclassifies companies as growth stocks, value stocks or blend stocks based on changes in their valuation over the past year. Six of the 20 biggest U.S. companies are expected to undergo shifts, according to Goldman Sachs Group (NYSE:GS). Microsoft Corp. (NASDAQ:MSFT) and Wal-Mart Stores (NYSE:WMT) , previously classified as growth stocks, probably will become blends, meaning they will be represented in both growth and value indexes. Microsoft is the world’s biggest software company. Wal-Mart is the world’s largest retailer. General Electric (NYSE:GE) , the world’s biggest maker of jet engines, power-plant turbines and medical-imaging equipment, and…
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