FDXF will replace EPAM in the S&P 500, while EPAM moves to the S&P SmallCap 600 ahead of Shutterstock’s acquisition.
FedEx Freight Holding Company (FDXF) will be added to the S&P 500, replacing EPAM Systems (EPAM), effective before trading on June 2. The change reflects a rebalancing of the index following corporate actions.
EPAM Systems will shift to the S&P SmallCap 600, taking the place of Shutterstock (SSTK), which is expected to be acquired. The adjustments align with standard index methodology for mergers and market capitalization shifts.
No immediate market reaction was specified, but the rebalancing may influence trading volumes for the affected stocks.