NEW YORK, Oct. 13, 2023 /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 indices effective prior to the opening of trading on Wednesday, October 18:
- Lululemon Athletica Inc. (NASD:LULU) will replace Activision Blizzard Inc. (NASD:ATVI) in the S&P 500. S&P 500 and S&P 100 constituent Microsoft Corp. (NASD: MSFT) acquired Activision Blizzard in a transaction completed today, October 13.
- S&P MidCap 400 constituent Hubbell Inc. (NYSE:HUBB) will replace Organon & Co. (NYSE:OGN) in the S&P 500, S&P SmallCap 600 constituent Onto Innovation Inc. (NYSE:ONTO) will replace Hubbell in the S&P MidCap 400, and Organon & Co will replace Onto Innovation in the S&P SmallCap 600. Hubbell is more representative of the large-cap market space, Onto Innovation is more representative of the mid-cap market space, and Organon & Co is more 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
|
|
October 18, 2023
|
S&P 500
|
Addition
|
Lululemon
Athletica
|
LULU
|
Consumer Discretionary
|
|
S&P 500
|
Addition
|
Hubbell
|
HUBB
|
Industrials
|
|
S&P 500
|
Deletion
|
Activision Blizzard
|
ATVI
|
Communication
Services
|
|
S&P 500
|
Deletion
|
Organon & Co
|
OGN
|
Health Care
|
|
S&P MidCap 400
|
Addition
|
Onto Innovation
|
ONTO
|
Information Technology
|
|
S&P MidCap 400
|
Deletion
|
Hubbell
|
HUBB
|
Industrials
|
|
S&P SmallCap 600
|
Addition
|
Organon & Co
|
OGN
|
Health Care
|
|
S&P SmallCap 600
|
Deletion
|
Onto Innovation
|
ONTO
|
Information Technology
|
For more information about S&P Dow Jones Indices, please visit www.spdji.com.
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S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
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View original content:https://www.prnewswire.com/news-releases/lululemon-athletica--hubbell-set-to-join-sp-500-others-to-join-sp-midcap-400-and-sp-smallcap-600-301956664.html
SOURCE S&P Dow Jones Indices
