S&P 500 adds AppLovin, Robinhood, and Emcor
S&P Dow Jones Indices announced that AppLovin (Nasdaq: APP), Robinhood (Nasdaq: HOOD), and Emcor Group (NYSE: EME) will be added to the S&P 500 Index, replacing MarketAxess Holdings, Caesars Entertainment, and Enphase Energy.
The changes will take effect before markets open on September 22 as part of the index’s quarterly rebalancing.
Bloomberg ETF analyst James Seyffart highlighted the update on X, noting the inclusion of the three new companies and the removal of MarketAxess, Caesars, and Enphase. Seyffart also pointed out that MicroStrategy (now rebranded as Strategy, $MSTR) was not included this quarter despite meeting eligibility requirements.
Bloomberg ETF analyst James Seyffart highlighted the update on X, noting the inclusion of the three new companies and the removal of MarketAxess, Caesars, and Enphase. Seyffart also pointed out that MicroStrategy (now rebranded as Strategy, $MSTR) was not included this quarter despite meeting eligibility requirements.
The quarterly rebalancing of the S&P 500 is designed to keep the index aligned with the largest U.S. equities by market capitalization and sector balance.
Michael Saylor reacted on X that his company was not included into the S&P 500 index by writing “Thinking about the S&P right now …”
Michael Saylor reacted on X that his company was not included into the S&P 500 index by writing “Thinking about the S&P right now …”
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