NEW
YORK, Oct. 27, 2022 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P
500, S&P MidCap 400 and S&P SmallCap 600:
- Arch Capital Group Ltd (NASD:ACGL) will replace Twitter Inc.
(NYSE:TWTR) in the S&P 500 effective prior to the opening of
trading on Tuesday, November 1.
Elon Musk is acquiring Twitter in a
transaction expected to close on October
28.
- RXO Inc. (NYSE:RXO) will be added to the S&P MidCap 400
prior to the opening of trading on Tuesday,
November 1, replacing Bread Financial Holdings Inc.
(NYSE:BFH) which will move to the S&P SmallCap 600 effective
prior to the opening of trading on Wednesday, November 2. Bread Financial Holdings
will replace Unifi Inc (NYSE:UFI) in the S&P SmallCap 600 on
that date. S&P MidCap 400 constituent XPO Logistics Inc.
(NYSE:XPO) is spinning off RXO in a transaction expected to be
completed on or about November 1. XPO
Logistics will remain in the S&P MidCap 400 post the spin-off
transaction. Bread Financial Holdings is no longer representative
of the mid-cap market space, and Unifi is no longer representative
of the small-cap market space.
Following is a summary of the changes that will take place prior
to the open of trading on the effective date:
|
Effective
Date
|
Index
Name
|
Action
|
Company
Name
|
Ticker
|
GICS
Sector
|
|
Nov 1,
2022
|
S&P 500
|
Addition
|
Arch Capital
Group
|
ACGL
|
Financials
|
|
S&P 500
|
Deletion
|
Twitter
|
TWTR
|
Communication
Services
|
|
S&P MidCap
400
|
Addition
|
RXO
|
RXO
|
Industrials
|
|
Nov 2,
2022
|
S&P MidCap
400
|
Deletion
|
Bread Financial
Holdings
|
BFH
|
Financials
|
|
S&P SmallCap
600
|
Addition
|
Bread Financial
Holdings
|
BFH
|
Financials
|
|
S&P SmallCap
600
|
Deletion
|
Unifi
|
UFI
|
Consumer
Discretionary
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
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Indices
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