Blackstone, Airbnb to Join S&P 500 After Index Rebalancing
- Lincoln National, Newell Brands to be removed from gauge
- Shifts to take place prior to market open on Sept. 18
Blackstone headquarters in New York.
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Private equity giant Blackstone Inc. is the latest addition to the S&P 500 Index, the first alternative asset manager to join the equity gauge. Airbnb Inc. is added as well.
The New York-based Blackstone and Airbnb will replace Lincoln National Corp. and Newell Brands Inc. prior to the start of trading on Sept. 18, S&P Dow Jones Indices said in a press release late Friday.