The S&P 500 announced on July 2 that it will add Datadog, a software monitoring and security company, to replace Juniper Networks, acquired by Hewlett Packard Enterprise. Launched in 1957, the S&P 500 tracks the stock price of 500 major U.S. companies and provides market insight. Juniper's acquisition means it will no longer trade on the NYSE. The S&P's index committee evaluates companies for inclusion based on specific criteria, including recent profitability to ensure a diverse sector representation.
Datadog is replacing Juniper Networks in the S&P 500, maintaining the index's count at 500 companies after Juniper's acquisition by Hewlett Packard Enterprise.
The S&P 500 tracks the stock price of 500 prominent U.S. companies and serves as a benchmark for market performance across various sectors.
To be selected for the S&P 500, companies must meet criteria set by S&P Global, including profitability in their recent quarter.
The S&P 500 is one of the most recognized stock market indexes worldwide, alongside others like the Dow and Nasdaq-100.
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