Palantir, Dell Jump After Stocks Picked to Join S&P 500 -- WSJ

Dow Jones09-09

By Caitlin McCabe

The S&P 500 is getting a small makeover.

The tweaks to the benchmark index will take place before the market opens on Monday, Sept. 23. Among the key details:

-- Palantir Technologies $(PLTR)$, Dell Technologies $(DELL)$ and insurance company Erie Indemnity $(ERIE)$ will join the index, S&P Dow Jones Indices said in a late Friday statement.

-- They will replace American Airlines $(AAL)$, Etsy $(ETSY)$ and Bio-Rad Laboratories $(BIO)$, which will move to other indexes.

-- Shares rallied premarket Monday in anticipation of the rebalancing. Palantir stock rose more than 8%, while Dell and Erie Indemnity rose more than 5% and 2%, respectively.

-- The three stocks that are leaving were little changed.

Inclusion in the S&P 500 typically prompts buying by index-tracking funds, which can often send those stocks higher.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

September 09, 2024 08:06 ET (12:06 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Among the key details: \n\n\n    ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_ES","symbol_name":"SP500指数","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2466161538","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466161538","pubTimestamp":1725883560,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The S&P 500 is getting a small makeover.The tweaks to the benchmark index will take place before the market opens on Monday, Sept. 23. 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