- Server and home pc giant joins key index
- Tracker funds will need to buy shares
- Palantir and insurer Erie Indemnity also join
One of the world’s biggest players in servers, the powerful computers that sit inside datacentres, and one of Shares investment ideas from June 2024, Dell Technologies (DELL:NYSE) has been included in the S&P 500 after the latest quarterly reshuffle.
The S&P 500 is the most popular index for investors who want exposure to US growth opportunities, so its inclusion in the index means hundreds of ETFs which track its performance will now have to buy shares in the company as they rebalance their portfolios to include the new names.
Texas-based Dell is one of the most recognisable names in consumer electronics, and millions of consumers and investors around the world will own its laptops and PCs.
THREE NEW NAMES
Dell will be joined in the S&P 500 by AI (artificial intelligence) powerhouse stock Palantir Technologies (PLTR:NASDAQ) and US insurer Erie Indemnity (ERIE:NASDAQ).
According to a press release issued by S&P Dow Jones Indices, the trio will replace American Airlines (AAL:NASDAQ), crafting e-commerce firm Etsy (ETSY:NASDAQ) and Bio-Rad Laboratories (BIO:NYSE).
The changes will be effective before US stock trading begins on 23 September 2024.
