S&P announces quarterly rebalancing; Palantir Tech (PLTR), Dell (DELL) and Erie Indemnity (ERIE) to join S&P 500, replacing AAL, ETSY and BIO
S&P Dow Jones Indices 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, September 23, 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.
- Palantir Technologies (PLTR), Dell Technologies (DELL), and S&P MidCap 400 constituent Erie Indemnity (ERIE) will replace American Airlines (AAL), Etsy (ETSY) and Bio-Rad (BIO) in the S&P 500, respectively. American Airlines will replace TEGNA (TGNA) in the S&P MidCap 400, and TEGNA will replace Designer Brands (DBI) in the S&P SmallCap 600. Etsy will replace Haverty Furniture (HVT) in the S&P SmallCap 600. Bio-Rad Laboratories will replace Erie Indemnity in the S&P MidCap 400.
- CNH Industrial (CNH), Western Alliance Bancorp (WAL), Parsons (PSN), Hamilton Lane (HLNE), Viper Energy (VNOM) and S&P SmallCap 600 constituent Fabrinet (FN) will replace MP Materials (MP), Progyny (PGNY), Adient (ADNT), Wolfspeed (WOLF), Helen of Troy (HELE) and Ziff Davis (ZD) in the S&P MidCap 400 respectively. MP Materials, Progyny, Adient, Wolfspeed, Helen of Troy, and Ziff Davis will replace Calavo Growers (CVGW), Enhabit (EHAB), Mercer Intl (MERC), Compass Minerals (CMP), 3D Systems (DDD), and Fabrinet in the S&P SmallCap 600 respectively.
- Zurn Elkay Water (ZWS), Clear Secure (YOU), TG Therapeutics (TGTX), Inspire Medical (INSP), CSW Industrials (CSWI), ADMA Biologics (ADMA), and Impinj (PI) will replace Community Healthcare Trust (CHCT), Varex Imaging (VREX), Dine Brands (DIN), Nu Skin (NUS), AMC Networks (AMCX), Olympic Steel (ZEUS) and B. Riley Financial (RILY) in the S&P SmallCap 600 respectively.