Super Micro Computer Inc (NASDAQ:SMCI) shares are trading higher Monday after the company was selected to join the S&P 500.
What To Know: S&P Dow Jones Indices announced late Friday that Super Micro and Deckers Outdoor will replace Whirlpool and Zions Bancorp in the S&P 500 respectively.
The changes are part of the S&P Dow Jones Indices’ quarterly rebalance and are set to go into effect prior to the open of trading on March 18. S&P 500 inclusion often leads to a temporary increase in share prices as ETFs and mutual funds that track the index adjust portfolios and buy the stock.
Goldman ...