Dell Inc. (NASDAQ:DELL) shares added almost 5% on Monday after it was revealed the technology company will be added to the S&P 500 as part of its quarterly rebalance. Also being added are Palantir Technologies Inc (NYSE:PLTR), which surged almost 13% on the news, and Erie Indemnity, replacing American Airlines Group Inc (NASDAQ:AAL, ETR:A1G), Etsy Inc (NASDAQ:ETSY, ETR:3E2), and Bio-Rad Laboratories Inc (NYSE:BIO).
The computer manufacturer's addition to the index, effective Sept. 23, represents a return to the market benchmark, which it exited in 2013.
Two tech stocks are making moves on the charts today.
In a major show of confidence, personal computer manufacturer Dell (NYSE: DELL) is anticipated to see its stock benefit after its inclusion in the S&P 500 index.
S&P 500 futures rise as Palantir, Dell rally after joining the index. Investors await CPI and PPI data, crucial for shaping Fed's next rate move.
Dell Technologies is accelerating revenue in its server business, preparing for a rebound in the personal computer business, and poised to benefit from AI's rising effectiveness.
Dell has strong tailwinds due to massive data center builds. Meanwhile, the competition faces challenges.
DELL and HPE are a good play on the AI server market. Should you have DELL in your portfolio or HPE?
The S&P Dow Jones Indices said on Friday server maker Dell Technologies , data analytics firm Palantir Technologies and property and casualty insurer Erie Indemnity will join the benchmark S&P 500 before the market opens on Sept. 23.
Dell and Palantir shares both surged in extended trading on Friday after S&P Global announced that the two technology companies would join the S&P 500 U.S. stock index.
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Dell's recent performance improvements and a lower stock price led to an upgrade.