Carvana gets a spot in the S&P 500 ahead of these tech stocks
Carvana, along with CRH and Comfort Systems USA, will join the S&P 500 index, boosting Carvana's shares by over 10%. This inclusion, part of a quarterly index rebalance, disappointed investors hoping for tech or crypto companies like Strategy, Marvell Technology, or Reddit. The changes will be effective before Dec. 22, enhancing exposure to a broader investor base. Other index changes include Mohawk Industries joining the S&P Small Cap 600 and Pinterest moving to the S&P MidCap 400.
Dow Jones·