NXP Semiconductors, Penn National Gaming, Generac Holdings and Caesars Entertainment to Join S&P 500
March 12 2021 - 6:33PM
Dow Jones News
By Maria Armental
NXP Semiconductors NV, Penn National Gaming Inc., Generac
Holdings Inc. and Caesars Entertainment Inc. will join the S&P
500, replacing Flowserve Corp., SL Green Realty Corp., Xerox
Holdings Corp. and Vontier Corp., according to S&P Dow Jones
Indices.
Meanwhile, S&P 500 constituents Broadcom Inc., T-Mobile US
Inc. and Linde PLC will replace Allstate Corp., Kinder Morgan Inc.
and Schlumberger in the S&P 100, it said.
The changes will be effective prior to the open of trading on
Monday to coincide with the quarterly rebalance, it said.
Flowserve is to replace Edgewell Personal Care Co. in the
S&P MidCap 400, and Edgewell Personal Care will replace
Exterran Corp. in the S&P SmallCap 600.
SL Green Realty, Xerox, and Vontier move to the S&P MidCap
400 along with Flowserve, which takes Edgewell Personal Care's
spot. Edgewell Personal Care, meanwhile, will replace Exterran
Corp. in the S&P SmallCap 600.
Shares of companies that join the S&P 500 often rise as
portfolio managers who track the index buy shares.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
March 12, 2021 18:18 ET (23:18 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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