#CryptoMarketWatch The committee responsible for choosing S&P 500 components has flexibility in deciding new entrants — and this time around, it seems to be opting for relative stability over volatility.
Four new companies will be joining the index later this month, S&P Dow Jones Indices said Friday, with DoorDash Inc.
DASH
-1.13%
being the largest of the forthcoming entrants. Joining DoorDash in the S&P 500
SPX
+0.55%
will be TKO Group Holdings Inc.
-2.22%
, Williams-Sonoma Inc.
WSM
+3.28%
and Expand Energy Corp.
EXE
-0.22%
The S&P 500 is home to some of the largest U.S. companies by market capitalization, but it’s not simply a rundown of the biggest 500. For one, companies must meet criteria around profitability and float, among other things. And even when it comes to market cap, there’s latitude in deciding who makes the cut, as the committee may look at things like sector diversification and volatility.