NEW YORK, March 27, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600:
- Solventum Corp. (NYSE: SOLV) will be added to the S&P 500 effective prior to the open of trading on Monday, April 1, replacing V.F. Corp. (NYSE: VFC), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Wednesday, April 3. V.F. will replace ModivCare Inc. (NASD: MODV) in the S&P SmallCap 600 also effective prior to the open of trading on April 3. S&P 500 and 100 constituent 3M Co. (NYSE: MMM) is spinning off Solventum in a transaction expected to be completed April 1. Following the spin-off, the parent 3M will remain in the S&P 500 and S&P 100. V.F. is no longer representative of the large-cap market space, and ModivCare is no longer representative of the small-cap market space.
- GE Vernova Inc. (NYSE: GEV) will be added to the S&P 500 effective prior to the open of trading on Tuesday, April 2, replacing Dentsply Sirona Inc. (NASD: XRAY), which will be moved to the S&P MidCap 400 effective prior to the open of trading on Wednesday, April 3. Dentsply Sirona will replace Fox Factory Holding Corp. (NASD: FOXF) in the S&P MidCap 400, and Fox Factory Holding will replace The E.W. Scripps Co. (NASD: SSP) in the S&P SmallCap 600, also effective prior to the open of trading on April 3. S&P 500 and 100 constituent General Electric Corp. (NYSE: GE) is spinning off GE Vernova in a transaction expected to be completed April 2. Following the spin-off, General Electric will have a name change to GE Aerospace and will remain in the S&P 500 and S&P 100. Dentsply Sirona is no longer representative of the large-cap market space. Fox Factory Holding is no longer representative of the mid-cap market space, and E.W. Scripps is no longer representative of the small-cap market space.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
April 1, 2024 | S&P 500 | Addition | Solventum | SOLV | Health Care* |
April 2, 2024 | S&P 500 | Addition | GE Vernova | GEV | Industrials |
April 3, 2024 | S&P 500 | Deletion | V.F. | VFC | Consumer Discretionary |
April 3, 2024 | S&P 500 | Deletion | Dentsply Sirona | XRAY | Health Care |
April 3, 2024 | S&P MidCap 400 | Addition | Dentsply Sirona | XRAY | Health Care |
April 3, 2024 | S&P MidCap 400 | Deletion | Fox Factory Holding | FOXF | Consumer Discretionary |
April 3, 2024 | S&P SmallCap 600 | Addition | V.F. | VFC | Consumer Discretionary |
April 3, 2024 | S&P SmallCap 600 | Addition | Fox Factory Holding | FOXF | Consumer Discretionary |
April 3, 2024 | S&P SmallCap 600 | Deletion | ModivCare | MODV | Health Care |
April 3, 2024 | S&P SmallCap 600 | Deletion | E.W. Scripps | SSP | Communication Services |
*As a spin-off, Solventum Corp. will be added to GICS Industrials Sector prior to the market open on April 1, but will change to Health Care GICS Sector prior to the market open on April 3. |
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