KKR, CrowdStrike, GoDaddy climb as investors cheer upcoming S&P 500 inclusion

Illumina

10/06/2024 09:55

** Shares of private equity firm KKR & Co  KKR.N  jump
nearly 10% to $107.63 premarket as co to join benchmark S&P 500
 .SPX  index
    ** Cybersecurity company CrowdStrike  CRWD.O  and internet
services provider GoDaddy  GDDY.N , which are also set to join
SPX, gain 5.2% and 2.6%, respectively, as a part of quarterly
rebalance of index
    ** The three stocks will replace recruitment services firm
Robert Half  RHI.N , U.S. regional lender Comerica  CMA.N  and
gene sequencing machine maker Illumina  ILMN.O  on June 24
    ** Low premarket volume in shares of RHI, CMA and ILMN
    ** Howard Silverblatt, senior index analyst at S&P Dow Jones
Indices estimates $47 bln in required index rebalance trades as
funds that track the benchmark index adjust their holdings

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))