Andrew Bary
Apollo Global Management and Workday will be added to the S&P 500 prior to the start of trading on Dec. 23 in conjunction with the index's quarterly rebalancing.
The two companies will replace Qorvo and Amentum Holdings, which will move to the S&P Small Cap 600 index.
Shares of Apollo, the No. 3 alternative asset manager behind S&P 500 members KKR and Blackstone, are up 6% in after-hours trading to $188.45, a new high after rising 1.2% in regular trading Friday. Workday, the provider of workplace software, has jumped 9% to $290.70 in after-hours trading.
Write to Andrew Bary at andrew.bary@barrons.com
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(END) Dow Jones Newswires
December 06, 2024 17:38 ET (22:38 GMT)
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