3 Companies Join S&P 500, See Stock Surge

Three companies - CRH, Carvana, and Comfort Systems USA - are set to join the S&P five hundred index, replacing LKQ Corporation, Solstice Advanced Materials, and Mohawk Industries. This quarterly rebalance, crucial for passive investing, will boost demand for these companies stocks due to index-tracking funds. Meeting specific criteria, including a market value of at least twenty-two point seven billion dollars, these companies are strong candidates for inclusion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.