Shares of companies within the broader tech sector are trading higher amid a rebound. Also, the sector may be moving higher in sympathy with Dell Technologies and Palantir Technologies' inclusion in the S&P 500 index.
Portfolio Pulse from Benzinga Newsdesk
Tech sector shares are trading higher due to a rebound and the inclusion of Dell Technologies and Palantir Technologies in the S&P 500 index.
September 09, 2024 | 4:45 pm
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POSITIVE IMPACT
Dell Technologies' inclusion in the S&P 500 is boosting its stock price as well as the broader tech sector.
Inclusion in the S&P 500 often leads to increased demand for a company's stock as index funds adjust their holdings. This is likely to positively impact Dell's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Palantir Technologies' inclusion in the S&P 500 is positively impacting its stock price and the tech sector.
Being added to the S&P 500 typically results in increased buying from index funds, which can drive up the stock price. This is expected to benefit Palantir in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100