Expand (charge: Aurich Lawson vs Disney)
Tesla will eventually be added into the S&P 500 Indexthe committee in charge of its indicator declared after markets closed on Monday. The change will have effect on December 21.
Tesla’s stock price jumped 13% in after-hours trading Thursday. As I write this just before noon on Tuesday, Tesla’s inventory has given back a number of the benefits and is up approximately 7 percent in Thursday’s close.
Folks have trillions of dollars in index funds which track the S&P 500 indicator. This usually means that if a stock is inserted into this S&P 500, finance managers need to add it for their own portfolios, forcing the inventory.
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