Palantir and Dell are joining the S&P 500, the latest tech companies to get added to the benchmark index.
Palantir shares popped on Monday and are trading at their highest since early 2021 after S&P Global announced late Friday that it is adding the stock to the S&P 500.Palantir
shares popped 14% on Monday and are trading at their highest since early 2021 after the announcement late Friday that the stock is beingShares of companies added to the benchmark often rally after the announcement because fund managers who track the index regularly update their portfolios to mirror the additions. Dell shares rose almost 4% on Monday.To join the S&P 500, a company must have reported a profit in its latest quarter and have cumulative profit over the four most-recent quarters.
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