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Market Incident

Public · Developing

AI compiled from Infoway · 4 analyzed stories

Okta to replace Kenvue in S&P 500

Okta is expected to join the S&P 500 next week, replacing Kenvue, which is being delisted after its proposed $40 billion sale to Kimberly-Clark. The changes take effect before markets open on Nov. 4, alongside revisions to the S&P MidCap 400 and S&P SmallCap 600.

Published:

Updated:

What happened

S&P Dow Jones Indices said Okta will join the S&P 500 before trading begins on Nov. 4, replacing Kenvue. The change is linked to Kimberly-Clark’s pending acquisition of Kenvue. Glaukos will take Okta’s place in the MidCap 400, and McGrath RentCorp will replace Glaukos in the SmallCap 600.

Global impact / market context

The index changes affect which companies are included in these market lists. For ordinary investors, the announcements do not establish how any share price will move.

What to watch

  1. Check whether Kimberly-Clark’s acquisition of Kenvue closes as expected; the change is linked to the pending sale.
  2. Check whether Okta joins the S&P 500 before trading begins on Nov. 4; this is the stated effective timing.
  3. Check whether Glaukos and McGrath RentCorp make the announced index moves; they are part of the same set of changes.

Affected assets

  • Glaukos Corporation
  • Kenvue Inc.
  • Kimberly-Clark Corporation
  • LiveRamp Holdings, Inc.
  • Loar Holdings Inc.
  • MGRC
  • Okta, Inc.

Evidence