"Super Micro and Deckers Outdoor Set to Join S&P 500 in Rebalancing"
TL;DR Summary
Super Micro Computer Inc. and Deckers Outdoor Corp. will join the S&P 500 index, replacing Whirlpool Corp. and Zions Bancorp NA. Super Micro's shares surged due to strong market demand for its servers, while Deckers Outdoor, known for Hoka running shoes and UGG boots, saw a 35% rally this year. Inclusion in the S&P 500 is significant for companies, as it enhances their investor profile and trading liquidity. This move reflects the increasing importance of the benchmark in a world dominated by passive investment funds.
Topics:business#deckers-outdoor-corp#finance#quarterly-rebalancing#sandp-500#stock-market#super-micro-computer-inc
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