Palantir, Dell slip ahead of S&P 500 inclusion

Bio-Rad Laboratories

20/09/2024 15:03

**  Dell Technologies  DELL.N  and data analytics firm
Palantir Technologies  PLTR.N  down ~1.7% each, property and
casualty insurer Erie Indemnity  ERIE.O  down 0.2% 
    ** Cos will be added to benchmark S&P 500  .SPX  when index
rebalances ahead of the market open on Sept. 23, as per Sept. 6
announcement
    ** Palantir is one of the most heavily traded U.S. stocks in
early trade, as per LSEG data
     ** Trading volume in three cos likely to surge ahead of the
close, analysts say, as investors adjust portfolios and funds to
match index composition
    ** Dell has gained 15%, Palantir up 21.4%, Erie up 4% since
Sept. 6 announcement through Thursday close 
    ** "Expect them to fade into Friday’s close but resume their
recent trends within a few weeks of the addition into their next
earnings cycle" - Jay Woods, chief global strategist at Freedom
Capital Markets 
    ** Cos replace American Airlines Group  AAL.O , Etsy
 ETSY.O  and Bio-Rad Laboratories  BIO.N  in benchmark index
    ** American Airlines flat, Etsy down 2.2%, Bio-Rad down 3.7%
    

 (Reporting by Lisa Mattackal in Bengaluru)