S&P Dow Jones Indices announced that FedEx's freight subsidiary, FedEx Freight Holdings, has been approved to join the S&P 500 Index.

Meanwhile, information technology service provider Epam Systems and fintech company Dave will be included in the S&P SmallCap 600 Index. This adjustment in index components reflects the dynamic changes in market structure. The inclusion of FedEx Freight highlights the continued influence of the logistics sector in large-cap indices. The admission of the two companies into the small-cap index suggests that the visibility of growth-oriented enterprises in the broader market is steadily increasing. Index adjustments often lead to changes in related fund allocations, which may in turn impact the short-term trading liquidity of individual stocks. Market participants tend to closely follow such announcements to anticipate potential capital flows.