S&P 500: Super Micro, Deckers Jump On News They’ll Join Benchmark Index

On Mar 1, 2024

Super Micro Computer (SMCI) and Deckers (DECK), two of the hottest stocks of the current market rally, will move up to the S&P 500 index, replacing Whirlpool (WHR) and Zions Bancorp (ZION), S&P Dow Jones Indices announced late Friday.

Whirlpool and Zions will replace Super Micro and Deckers in the S&P MidCap 400. All of the changes will take place before the open on March 18, as part of a quarterly rebalance of S&P indexes

SMCI stock surged 12.5% Friday evening while Deckers climbed 5.1%. Whirpool and Zions fell modestly.

S&P 500 member Intuit (INTU) will replace Exelon (EXC) in the S&P 500. Exelon remains in the S&P 500.

Other Changes

S&P SmallCap 600 constituents Cytokinetics (CYTK) and Applied Industrial Technologies (AIT) will replace Calix (CALX) and Medical Properties Trust (MPW) in the S&P MidCap 400 respectively. Calix and Medical Properties Trust will move down to the S&P SmallCap 600.

Magnolia Oil & Gas (MGY), Air Lease (AL), Box (BOX), BGC Group (BGC), BlackLine (BL), Arch Resources (ARCH) and MGE Energy (GEE) will join the S&P SmallCap 600. They’ll replace America’s CarMart (CRMT), TrueBlue (TBI), Forrester Research (FORR), Oil States International (OIS), Digital Turbine (APPS), Consensus Cloud Solutions (CCSI) and iRobot (IRBT).