The S&P 500 index is widely regarded as one of the most influential stock market indices globally, with trillions of dollars being managed based on its composition. Changes in the index, such as companies being added or removed, can trigger significant buying and selling activity in those companies’ shares by index funds that aim to mirror the index’s performance.
Here is an overview of the companies that have been added and removed from the S&P 500 in 2024.
S&P 500 Additions in 2024
| Effective Date | Company | Ticker | Sector |
|---|---|---|---|
| Source: S&P Dow Jones Indices | |||
| 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 |
|---|---|---|---|
| Source: S&P Dow Jones Indices | |||
| June 24, 2024 | Robert Half | RHI | Industrials |
| June 24, 2024 | Comerica | CMA | 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 |
How Stocks are Added or Removed from the S&P 500
S&P Dow Jones Indices, a division of S&P Global, oversees the management of the S&P 500 index and establishes the criteria for the inclusion or exclusion of companies.
Here are some of the key criteria for inclusion in the S&P 500 as of May 2024.
- Must be a U.S.-based company.
- Must comply with the reporting requirements of the U.S. Securities Exchange Act.
- Must be listed on a major U.S. stock exchange like NYSE, Nasdaq, or Cboe.
- Must have a market capitalization of $18 billion or more.
- Must have traded a minimum of 250,000 shares in each of the preceding six months before evaluation for index inclusion.
- Must have positive GAAP earnings for the most recent quarter and the sum of the previous four quarters.
The S&P 500 index is weighted based on the market value of the constituent companies, with the largest companies holding the highest weighting. As of June 2024, Microsoft, Apple, and Nvidia collectively represented over 20% of the S&P 500.
Editorial Disclaimer: Investors are encouraged to conduct their own research on investment strategies before making any investment decisions. Additionally, past performance of investment products does not guarantee future price appreciation.