URBN - ON Semi VICI Keurig Dr Pepper jump on S&P 500 additions

Big changes are afoot in the S&P 500, as Dow Jones Indices shuffles three companies in and out of the index. ON Semiconductor (NASDAQ:ON) is up 6.5% after hours; VICI Properties (NYSE:VICI) is up 6.2%; and Keurig Dr Pepper (NASDAQ:KDP) is up 5.4% postmarket as all three companies make the move to the S&P 500 Index. Exiting the index to make room are Cerner (CERN), expected to be acquired soon by Oracle, as well as Under Armour (UAA) and IPG Photonics (IPGP). Meanwhile, several names are joining the S&P SmallCap 600: Trinity Industries (TRN), Urban Outfitters (URBN), Yelp (YELP), LiveRamp Holdings (RAMP), and Ironwood Pharmaceuticals (IRWD). Ironwood is up 2% after hours, and URBN is up 0.4% postmarket.

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ON Semi, VICI, Keurig Dr Pepper jump on S&P 500 additions