NEW YORK, May 6, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 effective prior to the opening on Tuesday, May 12:
- DexCom Inc. DXCM will replace Allergan plc AGN in the S&P 500, and S&P 500 constituent Salesforce.com CRM will replace Allergan in the S&P 100. S&P 500 and 100 constituent AbbVie Inc. ABBV is acquiring Allergan in a transaction expected to be completed soon pending final conditions.
- S&P MidCap 400 constituent Domino's Pizza Inc. DPZ will replace Capri Holdings Ltd. CPRI in the S&P 500, STORE Capital Corp. STOR will replace Domino's Pizza in the S&P MidCap 400, and Capri Holdings will replace Acorda Therapeutics Inc. ACOR in the S&P SmallCap 600. Domino's Pizza is more representative of the large-cap market space. Capri Holdings is more representative of the small-cap market space, and Acorda Therapeutics is no longer appropriate for the SmallCap 600.
DexCom focuses on the design, development, and commercialization of continuous glucose monitoring systems. Headquartered in San Diego, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.
Salesforce.com develops enterprise cloud computing solutions. The company is headquartered in San Francisco, CA.
Domino's Pizza operates as a pizza delivery company. Headquartered in Ann Arbor, MI, the company will be added to the S&P 500 GICS Restaurants Sub-Industry index.
STORE Capital is an internally managed net-lease real estate investment trust (REIT). Headquartered in Scottsdale, AZ, the company will be added to the S&P MidCap 400 GICS Diversified REITs Sub-Industry index.
Capri Holdings designs, markets, distributes, and retails branded women's and men's apparel and accessories. Headquartered in London, United Kingdom, the company will be added to the S&P SmallCap 600 GICS Apparel, Accessories & Luxury Goods Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – May 12, 2020 | |||
COMPANY | GICS ECONOMIC | GICS SUB-INDUSTRY | |
ADDED | DexCom | Health Care | Health Care Equipment |
Domino's Pizza | Consumer Discretionary | Restaurants | |
DELETED | Allergan | Health Care | Pharmaceuticals |
Capri Holdings | Consumer | Apparel Accessories & |
S&P 100 INDEX – May 12, 2020 | |||
COMPANY | GICS ECONOMIC | GICS SUB-INDUSTRY | |
ADDED | Salesforce.com | Information Technology | Application Software |
DELETED | Allergan | Health Care | Pharmaceuticals |
S&P MIDCAP 400 INDEX – May 12, 2020 | |||
COMPANY | GICS ECONOMIC | GICS SUB-INDUSTRY | |
ADDED | STORE Capital | Real Estate | Diversified REITs |
DELETED | Domino's Pizza | Consumer Discretionary | Restaurants |
S&P SMALLCAP 600 INDEX – May 12, 2020 | |||
COMPANY | GICS ECONOMIC | GICS SUB-INDUSTRY | |
ADDED | Capri Holdings | Consumer | Apparel Accessories & |
DELETED | Acorda Therapeutics | Health Care | Biotechnology |
For more information about S&P Dow Jones Indices, please visit www.spdji.com.
ABOUT S&P DOW JONES INDICES
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 become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global SPGI, which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
Index Governance Inquiries
IGCC@spglobal.com
SOURCE S&P Dow Jones Indices
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.