S&P Global has announced the addition of two technology companies to the S&P 500 index of the U.S. stock market – Palantir Technologies, a big data analytics software company, and Dell Technologies. The technology company removed from this change is Etsy, which now resides in the S&P SmallCap 600 index. These adjustments took effect starting from September 23 onwards.
Dell Technologies was previously in the S&P 500 index but was removed in 2013 after the company repurchased all shares and delisted from the stock market, only to return in 2018. On the other hand, Palantir entered the stock market in 2020.
The S&P 500 is an index that compiles large-cap companies in the U.S. stock market based on market capitalization. It is a commonly used benchmark reflecting the overall U.S. stock market. Recently added technology companies in the S&P 500 include CrowdStrike, GoDaddy, Supermicro, and Uber.
Source: CNBC
TLDR: S&P Global adds Palantir Technologies and Dell Technologies to the S&P 500 index, replacing Etsy. The S&P 500 is a benchmark index of large-cap U.S. companies, with recent technology additions such as CrowdStrike, GoDaddy, Supermicro, and Uber.
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