S&P Dow Jones Indices updates benchmark U.S. equity indexes, reflecting corporate restructuring and market-cap changes effective late June.
S&P Dow Jones Indices will replace Conagra in the S&P 500 with Honeywell Aerospace, effective between June 29 and July 1. The move follows Honeywell’s corporate breakup and shifts in market capitalization profiles among companies.
The reshuffle is part of broader adjustments across U.S. equity benchmarks, driven by ongoing merger activity and evolving market conditions. The changes aim to maintain accurate representation of the large-cap segment.
No immediate market reaction was specified, but index funds tracking the S&P 500 will adjust holdings accordingly.