NEW YORK — Uber, along with Jabil and Builders FirstSource, are being added to the prestigious S&P 500 Index on Monday. Joining the S&P 500 is a big boost for a company’s stock since many funds that mirror the index will be required to buy new companies added.
S&P Dow Jones Indices says it will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.
All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.
Following is a summary of the changes that will take place prior to the open of trading on Monday:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
Dec. 18, 2023 | S&P 500 | Addition | Uber Technologies | UBER | Industrials |
Dec. 18, 2023 | S&P 500 | Addition | Jabil | JBL | Information Technology |
Dec. 18, 2023 | S&P 500 | Addition | Builders FirstSource | BLDR | Industrials |
Dec. 18, 2023 | S&P 500 | Deletion | Sealed Air | SEE | Materials |
Dec. 18, 2023 | S&P 500 | Deletion | Alaska Air Group | ALK | Industrials |
Dec. 18, 2023 | S&P 500 | Deletion | SolarEdge Technologies | SEDG | Information Technology |
Dec. 18, 2023 | S&P MidCap 400 | Addition | Rambus | RMBS | Information Technology |
Dec. 18, 2023 | S&P MidCap 400 | Addition | Comfort Systems USA | FIX | Industrials |
Dec. 18, 2023 | S&P MidCap 400 | Addition | Houlihan Lokey | HLI | Financials |
Dec. 18, 2023 | S&P MidCap 400 | Addition | Equitable Holdings | EQH | Financials |
Dec. 18, 2023 | S&P MidCap 400 | Deletion | Jabil | JBL | Information Technology |
Dec. 18, 2023 | S&P MidCap 400 | Deletion | Builders FirstSource | BLDR | Industrials |
Dec. 18, 2023 | S&P MidCap 400 | Deletion | Topgolf Callaway Brands | MODG | Consumer Discretionary |
Dec. 18, 2023 | S&P MidCap 400 | Deletion | Vestis | VSTS | Industrials |
Dec. 18, 2023 | S&P SmallCap 600 | Addition | Sealed Air | SEE | Materials |
Dec. 18, 2023 | S&P SmallCap 600 | Addition | Alaska Air Group | ALK | Industrials |
Dec. 18, 2023 | S&P SmallCap 600 | Addition | SolarEdge Technologies | SEDG | Information Technology |
Dec. 18, 2023 | S&P SmallCap 600 | Addition | Topgolf Callaway Brands | MODG | Consumer Discretionary |
Dec. 18, 2023 | S&P SmallCap 600 | Addition | Vestis | VSTS | Industrials |
Dec. 18, 2023 | S&P SmallCap 600 | Addition | Alkermes | ALKS | Health Care |
Dec. 18, 2023 | S&P SmallCap 600 | Addition | Armstrong World Industries | AWI | Industrials |
Dec. 18, 2023 | S&P SmallCap 600 | Addition | National HealthCare | NHC | Health Care |
Dec. 18, 2023 | S&P SmallCap 600 | Addition | PJT Partners | PJT | Financials |
Dec. 18, 2023 | S&P SmallCap 600 | Deletion | Orthofix | OFIX | Health Care |
Dec. 18, 2023 | S&P SmallCap 600 | Deletion | Rambus | RMBS | Information Technology |
Dec. 18, 2023 | S&P SmallCap 600 | Deletion | Comfort Systems USA | FIX | Industrials |
Dec. 18, 2023 | S&P SmallCap 600 | Deletion | Clearfield | CLFD | Information Technology |
Dec. 18, 2023 | S&P SmallCap 600 | Deletion | OneSpan | OSPN | Information Technology |
Dec. 18, 2023 | S&P SmallCap 600 | Deletion | Community Health Systems | CYH | Health Care |
Dec. 18, 2023 | S&P SmallCap 600 | Deletion | Invesco Mortgage Capital | IVR | Financials |
Dec. 18, 2023 | S&P SmallCap 600 | Deletion | Avid Bioservices | CDMO | Health Care |
Dec. 18, 2023 | S&P SmallCap 600 | Deletion | James River Group Holdings | JRVR | Financials |
NEW YORK -- Teal, a startup specializing in accounting infrastructure for Vertical SaaS businesses, has…
Calvin Klein has introduced the new Monochromatic Summer collection and its accompanying ad campaign featuring…
A total of 60 new electric buses will debut on routes in Queens, Staten Island…
Governor Kathy Hochul, New York City Mayor Eric Adams, and the Port Authority of New…
The Securities and Exchange Commission has settled charges against New York-based registered investment adviser Hudson…
NEW YORK -- Ness Digital Engineering, a full-lifecycle digital services transformation company, has acquired Intricity, a leading…