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From: Julius Wong9/7/2024 9:15:11 AM
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Dell Technologies, Palantir set to join S&P 500 Index

Sep. 06, 2024 6:02 PM ET
By: Carla Mozee, SA News Editor

Monty Rakusen

Dell Technologies (NYSE: DELL) and Palantir Technologies (NYSE: PLTR) will join the S&P 500 Index ( SP500) later this month, and the pending moves sent shares in each company surging late Friday.

Dell will replace e-commerce site Etsy (NASDAQ: ETSY) in the U.S. equity market benchmark, and Palantir will replace American Airlines Group (NASDAQ: AAL), S&P Dow Jones Indices said in a statement about quarterly rebalancing. Erie Indemnity (NASDAQ: ERIE) will also enter the index, replacing Bio-Rad Laboratories (NYSE: BIO).

Shares of Dell ( DELL) climbed 6.9% in after-hours trade, and stock in enterprise software company Palantir ( PLTR) gained 7%. Erie ( ERIE) moved up 3.2%.
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