FedEx Freight Holding Company Set to Join S&P 500; EPAM Systems and Dave to Join S&P SmallCap 600
S&P Dow Jones Indices said FedEx Freight Holding Company (FDXF) will replace EPAM Systems (EPAM) in the S&P 500 before the June 2 open, after FedEx Corp.’s (FDX) planned spin-off of FedExFreight Holding expected to complete June 1. EPAM will replace Shutterstock (SSTK) in the S&P SmallCap 600. Also, Dave (DAVE) will replace American Woodmark (AMWD) in the SmallCap 600 before June 1 open, after MasterBrand’s planned AMWD acquisition expected to close May 29.