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Effective tomorrow! Mewell Technology and Flextronics officially included in the S&P 500 Index
BlockBeats News, June 21 — S&P Dow Jones Indices announced that AI infrastructure concept stocks Marvell Technology (MRVL.US) and electronics manufacturing services giant Flex Ltd. (FLEX.US) will be officially included in the S&P 500 Index before the market opens tomorrow (June 22).
Both will replace pool equipment manufacturer Pool Corp. (POOL.US) and food company Campbell Soup Company (CPB.US). This adjustment is part of S&P Dow Jones Indices' latest quarterly routine index rebalancing.
Changes to index components typically lead to short-term passive capital inflows into the newly included stocks, and market participants will focus on the performance of these two stocks at tomorrow’s open.