GE: GE Vernova stock to join S&P 500 index

(CercleFinance.com) - GE Vernova, GE's energy subsidiary, will join the broad U.
S. S&P 500 stock index when it trades on Tuesday, April 2.

S&P Dow Jones Indices announced last night that the stock would join its flagship index, often referred to as the benchmark for American fund managers, when the market opens on Tuesday morning.

The announcement is likely to boost the company's share price, as its entry will oblige index fund managers to add it to their portfolios.

Following its demerger from GE, GE Vernova is due to make its first public debut as an independent company on April 2, with an official listing on the New York Stock Exchange.

Following the transaction, shares in the industrial conglomerate GE will automatically be converted into GE Aerospace shares, the remaining company dedicated to aerospace activities, which will also remain on the S&P 500.

S&P also announced that Solventum, 3M's healthcare products subsidiary, will also join the S&P 500 when it goes public on Monday, April 1.

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