NEW YORK — The S&P 500 added Flex Ltd. and Marvell Technology in its quarterly rebalance, according to the official S&P Dow Jones Indices committee list, settling conflicting early reports that had named Bloom Energy, Illumina and Everpure as incoming constituents.
Bloom Energy was not included in the rebalance, despite investor speculation about its candidacy.
Molson Coors Beverage, Builders FirstSource and Trade Desk were removed from the index.
Inclusion requires a minimum market capitalization of $22.7 billion. Passive funds tracking the S&P 500 must now purchase shares of Flex and Marvell, typically creating immediate demand pressure on the newly added stocks—a structural tailwind worth monitoring for momentum traders.
Flex is a global manufacturing and supply chain services provider. Marvell designs semiconductors for data infrastructure, a sector benefiting from artificial intelligence buildout.
Astera Labs and Cheniere had also been considered as candidates for admission.
