Effective tomorrow! Marvell Technology and Flex officially included in the S&P 500 Index
BlockBeats news, on June 21, S&P Dow Jones Indices announced that AI infrastructure stock Marvell Technology (MRVL.US) and electronics manufacturing services giant Flex (FLEX.US) will be officially added to the S&P 500 Index before the market opens tomorrow (June 22).
They will respectively replace pool equipment manufacturer Pool Corp. (POOL.US) and food company Campbell Soup Company (CPB.US). This adjustment is part of the latest routine quarterly index rebalancing by S&P Dow Jones Indices.
Index constituent changes typically lead to concentrated passive fund buying of newly added stocks in the short term, and market participants will closely monitor the performance of these two stocks at tomorrow's opening.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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