S&P Dow Jones Indices said it will make changes to the S&P 500, S&P SmallCap 600. FedEx Freight Holding (FDXF) will replace EPAM Systems (EPAM) in the S&P 500, and EPAM Systems will replace Shutterstock (SSTK) in the S&P SmallCap 600 effective prior to the opening of trading on June 2.
S&P 500 & 100 constituent FedEx Corp. (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. Shutterstock is anticipated to be acquired in a deal.
Dave Inc. (DAVE) will replace American Woodmark Corp. (AMWD) in the S&P SmallCap 600 effective prior to the opening of trading on June 1. S&P SmallCap 600 constituent MasterBrand Inc. (MBC) is acquiring American Woodmark.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.