Palantir, Dell, and Erie Indemnity Join S&P 500 in Latest Rebalance
The additions reflect the growing influence of AI and technology companies in the market.
- Palantir, Dell, and Erie Indemnity will be added to the S&P 500 before trading opens on September 23.
- They replace American Airlines, Etsy, and Bio-Rad Laboratories in the index.
- Palantir's stock has surged over 75% this year, driven by demand for its AI tools.
- Dell's recent revenue boost is attributed to increased sales of AI-capable servers.
- Inclusion in the S&P 500 can elevate a company's profile and impact stock prices.