Organon Set to Join S&P 500; HollyFrontier to Join S&P MidCap 400; Service Properties Trust to Join S&P SmallCap 600
News provided by
Share this article
Share this article
NEW YORK, May 27, 2021 /PRNewswire/ Organon & Co. (NYSE: OGN) will be added to the S&P 500 prior to the open of trading on Thursday, June 3, replacing HollyFrontier, which will be removed from the S&P 500 effective prior to the open of trading on Friday, June 4.
HollyFrontier will replace Service Properties Trust (NASD:SVC) in the S&P MidCap 400, and Service Properties Trust will replace Lannett Co Inc. (NYSE:LCI) in the S&P SmallCap 600 also effective prior to the open on June 4. S&P 500 and 100 constituent Merck & Co (NYSE: MRK) is spinning off Organon (NYSE: OGN) in a transaction expected to be completed post close on Wednesday, June 2. Post spin-off, Merck will remain in the S&P 500 and 100 indices. HollyFrontier has a market capitalization more representative of the mid-cap market space. Lannett is
/PRNewswire/ S&P SmallCap 600 constituent Crocs Inc. (NASD:CROX) will replace Cantel Medical Corp. (NYSE:CMD) in the S&P MidCap 400, and Organogenesis.
The US stock market finished session mixed on Friday, 21 May 2021, as losses in technology and consumer discretionary shares were offset by gains in financials and industrials shares.
At the close of trade, the Dow Jones Industrial Average index advanced 123.69 points, or 0.36%, to 34,208. The S&P 500 index was down 3.26 points, or 0.08%, at 4,156. The tech-heavy Nasdaq Composite Index fell 64.75 points, or 0.48%, to 13,471.
For the week, the Nasdaq climbed by 0.3%, while the Dow and the S&P 500 slid by 0.5% and 0.4%, respectively.
Total 6 out of 11 S&P 500 sectors closed down, with consumer discretionary (down0.59%), information technology (down 0.52%), and communication services (down 0.28%) sectors being notable losers, while financials (up 0.9%), utilities (up 0.54%), and industrials (up 0.43%) were notable gainers.
(Reuters) - Wall Street s main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession. The Dow Jones Industrial Average rose 10.3 points, or 0.03%, at the open to 33906.3. The S&P 500 rose 6.3 points, or 0.15%, at the open to 4121.97, while the Nasdaq Composite rose 56.9 points, or 0.43%, to 13356.629 at the opening bell. (Reporting by Shashank Nayar in Bengaluru; Editing by Maju Samuel)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to
The US stock market finished higher second session in row on Friday, 14 May 2021, as investors continued bargain hunting of shares hammered by the week s volatility.
At the close of trade, the Dow Jones Industrial Average index advanced 360.68 points, or 1.06%, to 34,382. The S&P 500 index was up 61.35 points, or 1.49%, at 4,174.
The tech-heavy Nasdaq Composite Index added 304.99 points, or 2.32%, to 13,430. For the week, the Nasdaq tumbled by 2.3%, while the S&P 500 and the Dow slumped by 1.4% and 1.1%, respectively.
All 11 S&P 500 sectors closed higher, with energy (up 3.16%), information technology (up 2.12%), consumer discretionary (1.8%), communication services (1.69%), industrials (up 1.34%), financials (up 1.54%), and materials (up 1.19%) sectors being notable gainers.