Vertiv and Lumentum's stock prices rise due to their inclusion in the S&P 500 index

LootboxPhobia · 2026-03-09T19:51:16+00:00

Vertiv Holdings, Lumentum Holdings, EchoStar, and Coherent will join the S&P 500 Index on March 23, with stock prices rising. These adjustments are part of the quarterly rebalancing aimed at better reflecting market capitalization. The S&P 100 Index will also be adjusted accordingly.

LootboxPhobia

2026-03-09 19:51:16

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Investing.com – Vertiv Holdings (NYSE:VRT) stock rose 3% on Monday, Lumentum Holdings (NASDAQ:LITE) increased 2%, EchoStar (NASDAQ:SATS) gained 1.3%, after these companies announced they will be included in the S&P 500 Index.

S&P Dow Jones Indices announced after the market close on Friday that these four companies will be added to the S&P 500 before the market opens on March 23, as part of the quarterly rebalancing. Coherent (NYSE:COHR) will also be included in the benchmark index.

These adjustments are made to ensure each index better reflects its market capitalization range. These companies will replace Match Group (NASDAQ:MTCH), Molina Healthcare (NYSE:MOH), Lamb Weston Holdings (NYSE:LW), and Paycom Software (NYSE:PAYC), which will be moved to the S&P SmallCap 600 Index.

Vertiv belongs to the industrial sector, while Lumentum and Coherent are classified as information technology companies. EchoStar falls under the communication services category.

This quarterly rebalancing will also bring changes to the S&P 100 Index, with Micron Technology (NASDAQ:MU), Lam Research (NASDAQ:LRCX), Applied Materials (NASDAQ:AMAT), and GE Vernova (NYSE:GEV) joining the index. PayPal Holdings (NASDAQ:PYPL), American International Group (NYSE:AIG), MetLife (NYSE:MET), and Target (NYSE:TGT) will be removed from the S&P 100.

Inclusion in the S&P 500 typically increases demand for a company’s stock, as index funds and ETFs tracking this benchmark are required to buy the stock to match the index composition.

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