Reglikedomain industry desk

Enter the S&P 500 — GoDaddy to

Enter the S&P 500 — GoDaddy to

Stock gets a lift following index discloses its inclusion.

GoDaddy logo showing the heart-shaped design

The S&P Dow Jones Indices disclosed Friday afternoon that domain name firm GoDaddy (NYSE: GDDY) will join the S&P 500 index.

Shares in GoDaddy (NYSE: GDDY) jumped in following-hours trading Friday since index funds will need to add the stock to their portfolios.

GoDaddy will replace genetic sequencing firm Illumina Inc (NASDAQ: ILMN), and Illumina will take GoDaddy’s place on the S&P MidCap 400.

The move will be effective ahead of trading opens on June 24.

S&P is also adding Crowdstrike and KKR to the S&P 500 index at the same time. They will replace Robert Half Inc. (NYSE: RHI) and Comerica Inc. (NYSE: CMA), respectively.

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