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Bloom Energy, Illumina, and Everpure Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600
Kalshi data gives Bloom Energy a 46% chance of joining the S&P 500, a move that could trigger forced buying from index funds.
Bloom Energy Corp stock surged on Friday, continuing Thursday momentum, driven by heavy investor speculation regarding potential inclusion in the S&P 500 index.
Prediction market data on Kalshi pegs Bloom Energy as the frontrunner with a 46% chance of S&P 500 inclusion, leading SoFi at 18% and Pure Storage at 14%.
The stock recently reclaimed 20-day and 50-day SMA levels, up 11.8% and 7.8% respectively, while buyers defended a $242 support floor.
Federal Reserve Gov. Christopher Waller signaled Thursday that "if recent cooling trends in prices continue, monetary policy may not require additional tightening," supporting broader gains as The Nasdaq rose 0.55%.
Dow Jones Indices is expected to announce official index adjustments on Friday, with potential inclusion of Bloom Energy Corp triggering forced buying from index-tracking funds.