Covid curve slumping across IndiaA spokesman for S&P Dow Jones Indices, which oversees the S&P 500, said the company consulted with market participants and communicated the addition to the market “far in advance of typical index changes."Here are five things to watch:1.
Quadruple WitchingTesla’s addition to the S&P 500 coincides with quadruple witching, which occurs four times a year and refers to the day that options and futures on both indexes and stocks expire simultaneously.
These heavy volumes will boost liquidity and will likely help smooth the addition of Tesla to the S&P, traders have said.Tesla will be the sixth-biggest company in the index, worth $622 billion, after soaring almost 700% this year.
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