Flex shares trade higher ahead of addition to S&P 500 as index trackers set to purchase
Flex Ltd. finished up on Thursday, ahead of its addition to the S&P 500 following the Juneteenth market break. Investors moved in before index funds adjusted their portfolios. U.S. stocks rallied, with the Nasdaq gaining 1.91% and the S&P 500 rising 1.08%, according to Reuters market data. Flex and Marvell Technology are set to join the S&P 500 before the open on Monday, according to S&P Dow Jones Indices. Flex will be dropped from the S&P MidCap 400. The moves are part of the quarterly rebalance that updates index lists.