Workday and Apollo Global Added to S&P 500, Excluding Hot Stock

Workday and Apollo Global Management are set to join the S&P 500 index, replacing Qorvo and Amentum Holdings, which will move to the S&P SmallCap 600. This change, effective December 23, led to a rise in Workday and Apollo stocks, while AppLovin, despite its significant gains in 2024, was not included in the S&P 500, causing its stock to drop. Additionally, Comerica and Carpenter Technology will move to the S&P MidCap 400, while Terreno Realty and Champion Homes will join the S&P SmallCap 600.