Danaher Spinoff Veralto To Be Added To S&P 500 Effective Prior To Open Of Trading On October 2, Replacing DXC Technology
Portfolio Pulse from Benzinga Newsdesk
Danaher Corporation's spinoff company, Veralto, will be added to the S&P 500, replacing DXC Technology, effective prior to the open of trading on October 2.
September 28, 2023 | 9:23 pm
News sentiment analysis
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NEGATIVE IMPACT
DXC Technology will be replaced by Veralto in the S&P 500, which could potentially decrease investor interest in DXC Technology.
The removal of DXC Technology from the S&P 500 could decrease investor interest in the company, as it may be perceived as a negative signal. This could potentially lead to a decrease in DXC Technology's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Danaher's spinoff company, Veralto, will be added to the S&P 500, which could potentially increase investor interest in Danaher.
The addition of Veralto to the S&P 500 could increase investor interest in Danaher, as it indicates the company's growth and potential. This could potentially lead to an increase in Danaher's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100