3M CO.
$91.83 $0.42 (0.46%)

NEW YORK, March 27, 2024 /PRNewswire via COMTEX News Network/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600:

-- Solventum Corp. (NYSE: SOLV) will be added to the S&P 500 effective prior to the open of trading on Monday, April 1, replacing V.F. Corp. (NYSE: VFC), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Wednesday, April 3. V.F. will replace ModivCare Inc. (NASD: MODV) in the S&P SmallCap 600 also effective prior to the open of trading on April 3. S&P 500 and 100 constituent 3M Co. (NYSE: MMM) is spinning off Solventum in a transaction expected to be completed April 1. Following the spin-off, the parent 3M will remain in the S&P 500 and S&P 100. V.F. is no longer representative of the large-cap market space, and ModivCare is no longer representative of the small-cap market space.

-- GE Vernova Inc. (NYSE: GEV) will be added to the S&P 500 effective prior to the open of trading on Tuesday, April 2, replacing Dentsply Sirona Inc. (NASD: XRAY), which will be moved to the S&P MidCap 400 effective prior to the open of trading on Wednesday, April 3. Dentsply Sirona will replace Fox Factory Holding Corp. (NASD: FOXF) in the S&P MidCap 400, and Fox Factory Holding will replace The E.W. Scripps Co. (NASD: SSP) in the S&P SmallCap 600, also effective prior to the open of trading on April 3. S&P 500 and 100 constituent General Electric Corp. (NYSE: GE) is spinning off GE Vernova in a transaction expected to be completed April 2. Following the spin-off, General Electric will have a name change to GE Aerospace and will remain in the S&P 500 and S&P 100. Dentsply Sirona is no longer representative of the large-cap market space. Fox Factory Holding is no longer representative of the mid-cap market space, and E.W. Scripps is no longer representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date Index Name       Action   Company Name        Ticker GICSSectorApril 1, 2024  S&P 500          Addition Solventum           SOLV   Health Care*April 2, 2024  S&P 500          Addition GE Vernova          GEV    IndustrialsApril 3, 2024  S&P 500          Deletion V.F.                VFC    Consumer DiscretionaryApril 3, 2024  S&P 500          Deletion Dentsply Sirona     XRAY   Health CareApril 3, 2024  S&P MidCap 400   Addition Dentsply Sirona     XRAY   Health CareApril 3, 2024  S&P MidCap 400   Deletion Fox Factory Holding FOXF   Consumer DiscretionaryApril 3, 2024  S&P SmallCap 600 Addition V.F.                VFC    Consumer DiscretionaryApril 3, 2024  S&P SmallCap 600 Addition Fox Factory Holding FOXF   Consumer DiscretionaryApril 3, 2024  S&P SmallCap 600 Deletion ModivCare           MODV   Health CareApril 3, 2024  S&P SmallCap 600 Deletion E.W. Scripps        SSP    Communication Services

*As a spin-off, Solventum Corp. will be added to GICS Industrials Sector prior to the market open on April 1, but will change to Health Care GICS Sector prior to the market open on April 3.

For more information about S&P Dow Jones Indices, please visit www.spdji.com

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SOURCE S&P Dow Jones Indices

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