KKR, CrowdStrike, and GoDaddy will be added to its iconic S&P 500 index, and the adjustment will take effect before the market opens on June 24th.
On Friday, the S&P 500 Index announced that private equity giant KKR & Co (KKR.US), leading cybersecurity solution provider CrowdStrike (CRWD.US), and globally renowned internet service provider GoDaddy (GDDY.US) will be included in its iconic S&P 500 Index. The adjustment will take effect before market opening on June 24th.
This news is undoubtedly bullish for these three companies, with their stock prices showing significant gains in after-hours trading. CrowdStrike's stock price rose by 6%, while KKR and GoDaddy recorded growth of 9% and 3.6%, respectively.
Meanwhile, the companies being replaced by these three companies - recruitment services company Robert Half (RHI.US), regional American bank Comerica (CMA.US), and gene sequencing instrument manufacturer Illumina (ILMN.US) - have shown relatively dim market reactions. Robert Half's stock price fell by 2.2%, while Comerica and Illumina's stock prices fell slightly by 1.14% and 1.50%, respectively.
These changes not only signify the market's recognition of the new companies being added, but also reflect investors' expectations for the growth potential of these enterprises. With the addition of KKR, CrowdStrike, and GoDaddy, the S&P 500 index will continue to demonstrate its diversification and dynamic adjustment characteristics, providing investors with a wider market representation and investment opportunities.