Ferguson Enterprises rallies, set to replace EA in S&P 500

Bloom Energy

31/07/2026 22:54

** Shares in Ferguson Enterprises FERG.N rose 9.5% to $256.69 in late trade on Friday after S&P Dow Jones Indices announced that it will join the benchmark S&P 500 index .SPX, replacing Electronic Arts EA.O before market open on August 5
** Ferguson, a construction distributor, had already risen 3.5% to close Friday's regular session at $234.33 for a year-to-date gain of 5.3%
** EA announced late on Thursday that it expects its acquisition, by a group of investors, to be completed on August 4 after the buyers had received all of the regulatory approvals needed for the deal 
** After the EA announcement, at least one analyst suggested companies including Bloom Energy BE.N, Reddit  RDDT.N, Astera Labs ALAB.O and Rocket Companies RKT.N could be eligible to replace the video game co in the benchmark index
** Bloom was down ~1% in late trade while Astera was off 2.3%, although volume was relatively light

(Reporting by Sinead Carew)
((sinead.carew@thomsonreuters.com))