Seagate Technology (STX) is rising in pre-market trading on news that it will be added to the S&P 500.
Shares of the hard-drive maker are higher by $0.64, or 2.75 percent, to $23.91.
S&P Indices said late Monday that Seagate will replace Progress Energy, Inc. (PGN) in the S&P 500 index after the close of trading on Friday, June 29. S&P 500 constituent Duke Energy Corp. (DUK) is acquiring Progress Energy in a deal expected to close soon pending final approvals.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.