GE HealthCare Technologies Set to Join S&P 500; Vornado Realty Trust to Join S&P MidCap 400; RXO to Join S&P SmallCap 600
NEW YORK, Dec. 28, 2022 /PRNewswire/ -- GE HealthCare Technologies Inc. (NASD: GEHC) will be added to the S&P 500 effective prior to the open of trading on Wednesday, January 4, 2023, replacing Vornado Realty Trust (NYSE: VNO), which will move to the S&P MidCap 400 effective prior to the open of trading on Thursday, January 5, 2023. Vornado Realty Trust will replace RXO Inc. (NYSE: RXO) in the S&P MidCap 400, and RXO will replace The Joint Corp. (NASD: JYNT) in the S&P SmallCap 600 effective on the same date. S&P 500 and 100 constituent General Electric Co. (NYSE: GE) is spinning off GE HealthCare Technologies in a transaction expected to be completed post close on January 3. Vornado Realty is more representative of the mid-cap market space. RXO is more representative of the small-cap market space, and The Joint 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 | GICS Sector |
January 4, 2023 | S&P 500 | Addition | GE HealthCare Technologies | GEHC | Health Care* |
January 5, 2023 | S&P 500 | Deletion | Vornado Realty Trust | VNO | Real Estate |
S&P MidCap 400 | Addition | Vornado Realty Trust | VNO | Real Estate | |
S&P MidCap 400 | Deletion | RXO | RXO | Industrials | |
S&P SmallCap 600 | Addition | RXO | RXO | Industrials | |
S&P SmallCap 600 | Deletion | The Joint | JYNT | Health Care |
*GICS effective open Jan. 5. |
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SOURCE S&P Dow Jones Indices
