Live Markets: With Interactive Brokers poised to join S&P 500, who could be next?

CRH

26/08/2025 18:30

Main US indexes ~flat to modestly green

Industrials top S&P sector gainer, Energy weakest group

Dollar declines; crude off >2%; bitcoin edges up; gold rises

US 10-Year Treasury yield edges down to ~4.26%

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WITH INTERACTIVE BROKERS POISED TO JOIN S&P 500, WHO COULD BE NEXT?

        Interactive Brokers IBKR.O shares are up 0.2% at $62.89 on Tuesday after hitting a two-week high of $64.50 following the announcement by S&P late Monday that the company would join the S&P 500 index .SPX, effective prior to the market open on August 28, replacing Walgreens Boots Alliance WBA.O.

The next opportunity for changes to the benchmark index, according to a note from Melissa Roberts, analyst at Stephens, is the third quarter rebalance, which is effective after the close on September 19, with changes announced after the close on September 5.

Roberts notes that while the index committee may not make any discretionary changes, similar to last quarter, the third quarter rebalance is "typically the largest rebalance of the year because it includes annual constituent float factor changes. So S&P historically took advantage of the liquidity opportunity to make more discretionary changes than in other quarters."

Newly eligible names for inclusion, according to Roberts, are Strategy MSTR.O, CRH CRH.N and Astera Labs ALAB.O. Roberts also sees EMCOR Group EME.N and Comfort Systems as possible companies that could migrate up from the S&P Midcap 400 .MID.

(Chuck Mikolajczak)

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