S&P Dow Jones Announces Quarterly Index Rebalancing; Super Micro Jumps on S&P 500 Addition
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Super Micro Computer and Deckers will move up to the S&P 500 index on March 18. Whirlpool and Zions Bancorp will replace them in the S&P MidCap 400.
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Intuit will replace Exelon in the S&P 500. Exelon remains in the index.
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Other companies like Cytokinetics, Applied Industrial Technologies, Calix, and Medical Properties Trust are moving between the S&P MidCap 400 and SmallCap 600.
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Magnolia Oil & Gas, Air Lease, Box, and several other companies will join the S&P SmallCap 600 index.
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The changes are part of S&P Dow Jones Indices' quarterly rebalancing of its indexes. Stocks like Super Micro surged on the S&P 500 addition news.