Vertiv, Lumentum, Coherent, EchoStar set to join S&P 500

S&P Dow Jones Indices announced that Vertiv, Lumentum, Coherent, and EchoStar will be added to the S&P 500 index on March 23, replacing Match Group, Molina Healthcare, Lamb Weston, and Paycom. This change typically leads to a stock price increase for new entrants as index-tracking funds buy shares, while removed companies may experience selling pressure. Following the news, Vertiv and EchoStar shares jumped significantly in extended trading.

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