CYKuan
03-02

Super Micro, Deckers to Join S&P 500 Index, Replacing Whirlpool, Zions Bancorp

Super Micro Computer and Deckers Outdoor will join the S&P 500 index, according to S&P Dow Jones Indices, which announced the changes after the market close on Friday.The companies will replace Whirlpool and Zions Bancorp, which will move to the S&P MidCap 400 index. The four companies are swapping places, with Super Micro and Deckers Outdoor leaving the S&P MidCap 400 index.The changes will take place before the opening of trading on March 18 and coincide with the quarterly rebalance of the indexes. S&P Dow Jones Indices said the market values of the four companies are more representative of their new indexes.Super Micro has been the biggest driver of the gain in the S&P MidCap 400 index this year as well as the Russell 2000 index, where it the largest component.Super Micro now is valued at more than $50 billion, which made it by far the largest company in the S&P MidCap 400 index and it should be bigger than most companies in the S&P 500 index when it joins, assuming no major drop in
Super Micro, Deckers to Join S&P 500 Index, Replacing Whirlpool, Zions Bancorp

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