Palantir, Dell, Erie Indemnity Join S&P 500

Key Takeaways

• PLTR, DELL, and ERIE to join the S&P 500.
• Replacing AAL, ETSY, and BIO.
• Palantir is up +11.5% on the news, Dell +5%, and Erie +3.4%.

Palantir, Dell, & Erie Indemnity Join S&P 500

S&P Dow Jones Indices has announced that Palantir Technologies, Dell Technologies, and Erie Indemnity will be added to the S&P 500 index on Monday, Sept. 23, 2024. This decision follows the recent inclusion of tech companies like Super Micro (joined on March 18th, 2024) and CrowdStrike (joined on June 24th, 2024).

PLTR, DELL, & ERIE will be replacing American Airlines, Etsy, and Bio-Rad Laboratories as part of the quarterly rebalancing aimed at maintaining an accurate representation of the large-cap market.

• AAL and BIO will be downgraded to the S&P MidCap 400 replacing TEGNA Inc. and Erie Indemnity.
• ETSY will shift to the S&P SmallCap 600 replacing Haverty Furniture Companies Inc.
• Other companies like MP Materials, Progyny, and Wolfspeed will be moved to the S&P SmallCap 600 as part of the changes.