Three companies will be added to the S&P 500 in September. Which companies were removed from the index?

The operator of the S&P 500, a broad U.S. market index, announced adjustments to its composition as part of its quarterly rebalancing. The changes will take effect before the market opens on Monday, September 21.

The index will include the following companies:

— Bloom Energy, a fuel cell manufacturer. Its shares rose 6.5% in after-hours trading on Friday, September 4.

— Everpure, a developer of data storage and management solutions. Its stock rose 2.4% in after-hours trading.

— Illumina, a biotechnology company specializing in human genome sequencing. Its stock jumped 2.1% in after-hours trading.

They will replace beverage maker Molson Coors Beverage (up 0.1%), advertising platform The Trade Desk (-0.2%), and building materials supplier Builders FirstSource (-0.6%).

S&P Dow Jones Indices also announced changes to the S&P 100 Index. Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk will be added to the index. Companies such as Nike and Colgate-Palmolive will be removed from the index. In addition, the composition of the S&P MidCap 400 and S&P SmallCap 600 indices is changing.

Changes to the indices ensure that each one better aligns with a specific market capitalization range, S&P Dow Jones Indices said. Companies that are removed from the S&P SmallCap 600 no longer represent the small-cap sector, the index provider added.

This article was AI-translated and verified by a human editor