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Home›US Markets›ETFs›Ferguson Enterprises set to join the S&P 500, shares j…

Ferguson Enterprises set to join the S&P 500, shares jump more than 8%

The Newport News, Virginia industrial supplier is replacing another company in the index, with its stock up about 8.0% on the change announcement.

Reported · Written up by our desk · ETFs

Ferguson Enterprises is set to be added to the S&P 500, according to MarketWatch, and the stock moved sharply higher after the index inclusion news.

MarketWatch said the company is based in Newport News, Virginia, and that its shares were rallying more than 8% as investors priced in the S&P 500 addition.

The outlet reported that Ferguson will be included by edging out a different, less familiar name as part of the index update.

Latest closeS&P 500 7,489.72 ▲0.7%

← Newer storyFerguson Enterprises to join the S&P 500, stock jumps more than 8%

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Sources

MarketWatchThe S&P 500 is making a change by adding this little-known industrial stock
MarketWatchThe S&P 500 is making a change by adding this little-known industrial stock

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