Here’s the somewhat surprising stock that will soon join the S&P 500
Why it matters: Casey's General Stores' inclusion in the S&P 500 will impact index funds and investor portfolios.
- Casey's General Stores will be added to the S&P 500 index.
- Hologic will be removed from the S&P 500 index.
- S&P Dow Jones opted for a convenience-store retailer over another healthcare company for the replacement.
Casey's General Stores, a convenience-store retailer, is set to join the S&P 500 index, replacing healthcare company Hologic. This somewhat surprising move by the S&P Dow Jones index committee elevates Casey's from the S&P MidCap 400.
