Apollo and Workday to Join S&P 500 After Index Rebalancing
- Qorvo and Amentum Holdings to be removed from the gauge
- Shifts to take place prior to market open on Dec. 23
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Apollo Global Management Inc. has been added to the S&P 500 index in the latest quarterly weighting change, joining alternative asset manager Blackstone Inc. on the world’s most-watched equity gauge. Workday Inc. has been included too.
The two companies will replace Qorvo Inc. and Amentum Holdings Inc., according to a press release from S&P Dow Jones Indices Friday. The changes are set to go into effect prior to the open of trading on Dec. 23.