tadamichi S&P Dow Jones Indices is set to adjust its mid-cap S&P 400 indices as part of its quarterly rebalancing . Introduced in 1991, the S&P MidCap 400 index measures the performance of U.S.
mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment. It represents approximately 5% of the U.S.
equity market and around 3% of the investable global stock market. Following is a summary of the changes that will take place prior to market open on June 24 to coincide with the quarterly rebalance: Texas Pacific Land ( TPL ) +2.50% , BioMarin Pharmaceutical ( BMRN ) +2.
24% , Warner Music Group ( WMG ), Nextracker ( NXT ) +3.20% , Altair Engineering ( ALTR ) +5.56% , and RB Global ( RBA ) will replace Werner Enterprises ( WERN ), Integra Lifesciences Holdings ( IART ), PENN Entertainment ( PENN ), Grocery Outlet ( GO ) +1.
10% , Leggett & Platt ( LEG ) -0.33% and Hertz Global Holdings ( HTZ ) +2.95% in the S&P MidCap 400 respectively.
In addition, Illumina ( ILMN ), - 1.69% , will be deleted from the large-cap S&P 500 index and replace GoDaddy ( GDDY ), + 3.26% , in the S&P MidCap 400.
The biotech firm announced its intention to spin-off a company earlier this month. GoDaddy ( GDDY ) will be joining S&P 500, alongside KKR & Co ( KKR ) +8.68% and CrowdStrike ( CRWD ) +5.
6% . More on S&P Dow Jones Indices quarterly rebalance: CrowdStrike, KKR, GoDaddy to join S&P 500; shares jump after-hours Krystal Biotech, Virtu, StepStone, Cactus, Tidewater.