S&P Indices Reshuffle: Ferguson Enterprises and ADI Global Join Ranks

Ferguson Enterprises Inc. will join the S&P 500 index effective August 5, taking the place of Electronic Arts. The move follows an acquisition deal for the video game publisher involving the Public Investment Fund, Silver Lake, and Affinity Partners.

Concurrently, the S&P SmallCap 600 will see ADI Global Distribution Inc. added on August 4, following its spin-off from Resideo Technologies Inc. This change triggers the removal of Hertz Global Holdings from the small-cap index on August 5, as the rental car company no longer aligns with the index's market representation criteria.