Full Press Release Details
NEW YORK , May 27, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P SmallCap 600:
• FedEx Freight Holding Company (NYSE: FDXF ) will replace EPAM Systems Inc. (NYSE: EPAM ) in the S&P 500, and EPAM Systems will replace Shutterstock Inc. (NYSE: SSTK ) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, June 2. S&P 500 & 100 constituent FedEx Corp. (NYSE: FDX ) is spinning off FedExFreight Holding in a transaction expected to be completed June 1. Post spin-off, the parent FedEx will remain in the S&P 500 and 100. EPAM Systems is more representative of the small-cap market space. Shutterstock is anticipated to be acquired in a deal that is expected to close soon.
• Dave Inc. (NASD: DAVE) will replace American Woodmark Corp. (NASD: AMWD) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, June 1. S&P SmallCap 600 constituent MasterBrand Inc. (NYSE: MBC ) is acquiring American Woodmark in a deal expected to close May 29, pending final closing conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date
Index Name
Action
Company Name
Ticker
GICS Sector
June 1, 2026
S&P SmallCap 600
Addition
Dave
DAVE
Financials
June 1, 2026
S&P SmallCap 600
Deletion
American Woodmark
AMWD
Industrials
June 1, 2026
S&P 500
Addition
FedEx Freight
FDXF
Industrials
June 2, 2026
S&P 500
Deletion
EPAM Systems
EPAM
Information Technologies
June 2, 2026
S&P SmallCap 600
Addition
EPAM Systems
EPAM
Information Technologies
June 2, 2026
S&P SmallCap 600
Deletion
ShutterStock
SSTK
Communication Services
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