S & P 500: 2024 Additions and Removals
The S&P 500 index is a barometer for the US Economy and one of the most followed indexes in the world. At times the S&P 500 goes through a rebalancing of the companies that are included in the index.
Because the index is weighted based on the market value of the companies, the most valuable companies account for the largest percentage of the index. Microsoft, Apple and Nvidia accounted for about 20 percent of the S&P 500 as of September 2024.
But before we take a look at the companies added and removed from the S&P 500 Index, first lets review some of the key criteria for inclusion in the S&P 500 as of August 2024:
- Must be a U.S.-based company.
- The company satisfies the periodic reporting obligations set forth in the U.S. Securities Exchange Act.
- Must be listed on a major U.S. stock exchange such as the NYSE, Nasdaq or Cboe.
- Must have a market capitalization of $18 billion or more.
- Stock should trade a minimum of 250,000 shares in each of the six months prior to being evaluated for index inclusion.
- The most recent quarter’s GAAP earnings as well as the sum of the previous four quarters’ GAAP earnings should be positive.
S&P 500 Additions in 2024
Effective date |
Company |
Ticker |
Sector |
Sept. 23, 2024 |
Palantir
Technologies |
PLTR |
Information
Technology |
Sept. 23, 2024 |
Dell
Technologies |
DELL |
Information Technology |
Sept. 23, 2024 |
Erie Indemnity |
ERIE |
Financials |
June 24, 2024 |
KKR & Co. |
KKR |
Financials |
June 24, 2024 |
CrowdStrike
Holdings |
CRWD |
Information Technology |
June 24, 2024 |
GoDaddy |
GDDY |
Information
Technology |
May 8, 2024 |
Vistra |
VST |
Utilities |
April 2, 2024 |
GE Vernova |
GEV |
Industrials |
April 1, 2024 |
Solventum |
SOLV |
Health Care |
March 18, 2024 |
Super Micro
Computer |
SMCI |
Information Technology |
March 18, 2024 |
Deckers Outdoor |
DECK |
Consumer
Discretionary |
S&P 500 Removals in 2024
Effective date |
Company |
Ticker |
Sector |
Sept. 23, 2024 |
American
Airlines Group |
AAL |
Industrials |
Sept. 23, 2024 |
Etsy |
ETSY |
Consumer
Discretionary |
Sept. 23, 2024 |
Bio-Rad
Laboratories |
BIO |
Health Care |
June 24, 2024 |
Robert Half |
RHI |
Industrials |
June 24, 2024 |
Comerica |
CMD |
Financials |
June 24, 2024 |
Illumina |
ILMN |
Health Care |
May 8, 2024 |
Pioneer Natural
Resources |
PXD |
Energy |
April 3, 2024 |
V.F. Corp |
VFC |
Consumer
Discretionary |
April 3, 2024 |
Dentsply Sirona |
XRAY |
Health Care |
March 18, 2024 |
Whirlpool |
WHR |
Consumer
Discretionary |
March 18, 2024 |
Zion Bancorporation |
ZION |
Financials |
Final Thoughts
For a complete listing of the companies included in the S&P 500 Index go to: https://en.wikipedia.org/wiki/List_of_S%26P_500_companies
Investing in the S&P 500 is a great way to build wealth over time and understanding the company make up of the index is good to know. We explore the S&P 500 Index further in this blog post: S&P 500 Index Blog Post