Palantir and Dell Will Join S&P 500—What You Need To Know
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Key Takeaways
Shares of Palantir Technologies ( PLTR ), Dell Technologies ( DELL ), and Erie Indemnity ( ERIE ) all gained Monday morning after it was announced they were being added to the S&P 500 Index .
S&P Global, which operates the index, made the announcement on Friday, noting that the three would be part of the S&P 500 prior to the start of trading September 23. Shares of firms included in the S&P 500 often get a bounce because they are purchased by investors who put their money in S&P 500 index funds .
American Airlines, Etsy, Bio-Rad Being Replaced in S&P 500
The companies will be replacing American Airlines Group ( AAL ), Etsy ( ETSY ), and Bio-Rad Laboratories ( BIO ). American Airlines and Bio-Rad will now be part of the S&P MidCap 400 index, while Etsy will be part of the S&P SmallCap 600 index.
S&P Global explained that the changes were part of its quarterly rebalancing to ensure that each of its various indexes are "more representative of its market capitalization range."
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