Apollo and Workday are joining the S&P 500. Their shares are rallying.
Portfolio Pulse from
Apollo Global Management and Workday shares rallied after being announced as new additions to the S&P 500 index.
December 06, 2024 | 11:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Apollo Global Management shares rallied after being announced as a new addition to the S&P 500 index.
Being added to the S&P 500 index often leads to increased demand for a company's stock as index funds and ETFs that track the S&P 500 will need to purchase shares. This typically results in a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Workday shares rallied after being announced as a new addition to the S&P 500 index.
Similar to Apollo, Workday's inclusion in the S&P 500 index will likely lead to increased demand for its stock, as index funds and ETFs tracking the S&P 500 will need to buy shares, positively impacting the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100