The S&P 500 index is one of the most widely followed stock market indices in the world, with trillions of dollars managed based on its makeup. When companies are added or removed from the index, it forces buying and selling in those companies’ shares by index funds that aim to track the performance of the index.

Here are the companies that have been added and removed from the S&P 500 in 2024.

S&P 500 additions in 2024

Effective date

Company

Ticker

Sector

Sept. 23, 2024

Palantir Technologies

PLTR

Information Technology

Sept. 23, 2024

Dell Technologies

DELL

Information Technology

Sept. 23, 2024

Erie Indemnity

ERIE

Financials

June 24, 2024

KKR & Co.

KKR

Financials

June 24, 2024

CrowdStrike Holdings

CRWD

Information Technology

June 24, 2024

GoDaddy

GDDY

Information Technology

May 8, 2024

Vistra

VST

Utilities

April 2, 2024

GE Vernova

GEV

Industrials

April 1, 2024

Solventum

SOLV

Health Care

March 18, 2024

Super Micro Computer

SMCI

Information Technology

March 18, 2024

Deckers Outdoor

DECK

Consumer Discretionary

S&P 500 removals in 2024

Effective date

Company

Ticker

Sector

Sept. 23, 2024

American Airlines Group

AAL

Industrials

Sept. 23, 2024

Etsy

ETSY

Consumer Discretionary

Sept. 23, 2024

Bio-Rad Laboratories

BIO

Health Care

June 24, 2024

Robert Half

RHI

Industrials

June 24, 2024

Comerica

CMA

Financials

June 24, 2024

Illumina

ILMN

Health Care

May 8, 2024

Pioneer Natural Resources

PXD

Energy

April 3, 2024

V.F. Corp.

VFC

Consumer Discretionary

April 3, 2024

Dentsply Sirona

XRAY

Health Care

March 18, 2024

Whirlpool

WHR

Consumer Discretionary

March 18, 2024

Zion Bancorporation

ZION

Financials

How are stocks added or removed from the S&P 500?

S&P Dow Jones Indices, which is a division of S&P Global, manages the S&P 500 index and sets the criteria for how companies are included or removed.

Here are some of the key criteria for inclusion in the S&P 500 as of August 2024.

  • Must be a U.S.-based company.

  • The company satisfies the periodic reporting obligations set forth in the U.S. Securities Exchange Act.

  • Must be listed on a major U.S. stock exchange such as the NYSE, Nasdaq or Cboe.

  • Must have a market capitalization of $18 billion or more.

  • Stock should trade a minimum of 250,000 shares in each of the six months prior to being evaluated for index inclusion.

  • The most recent quarter’s GAAP earnings as well as the sum of the previous four quarters’ GAAP earnings should be positive.

The S&P 500 index is weighted based on the market value of the companies in the index, which means the most valuable companies account for the largest percentage of the index. As of September 2024, Microsoft, Apple and Nvidia accounted for about 20 percent of the S&P 500.

Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.

Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision

Exit mobile version