Workday and Apollo Soar on S&P 500 Inclusion
Originally Published 1 year ago — by Investor's Business Daily
Workday and Apollo Global Management are set to join the S&P 500 index as part of a quarterly rebalance, replacing Qorvo and Amentum Holdings, which will move to the S&P SmallCap 600. Workday's stock rose 6% while Apollo's initially surged before falling 1%. AppLovin, despite its significant gains in 2024, was not added to the S&P 500, leading to a 15% drop in its stock. Other index changes include Comerica and Carpenter Technology moving to the S&P MidCap 400, and Terreno Realty and Champion Homes joining the S&P SmallCap 600.