Lululemon (LULU) stock prices jumped and were about 10% higher as of 1 p.m. Eastern Time Monday, ahead of the athletic wear company’s upcoming inclusion on the 澳洲幸运5官方开奖结果体彩网:S&P 500 Index. Shares of Hubbell (HUBB), which designs, manufactures, and sells electrical products, were more than 3% higher ahead of joining the index on Wednesday as well.

The 澳洲幸运5官方开奖结果体彩网:rebalancing of the index’s 澳洲幸运5官方开奖结果体彩网:large-cap benchmark occurs quarterly, but changes can also take place during the quarter if a company becomes ineligible after a merger, acquisition, bank൩ruptcy, or delisting.

Lululemon is set to replace Activision Blizzard (ATVI), which is set to be 澳洲幸运5官方开奖结果体彩网:acquired by Microsoft (MSFT), while Hubbell would replace Organon & Co. (OGN), which will be moved to the 澳洲幸运5官方开奖结果体彩网:S&P SmallCap 600, a 澳洲幸运5官方开奖结果体彩网:small-cap benchmark.

To be included in the S&P 500, a company must have a 澳洲幸运5官方开奖结果体彩网:market capitalization of at least $12.7 billion. Lululemon’s $54 billion and Hubbell’s $16 billion market caps more than qualify for the index.

Inclusion in the S&P 500 Index can benefit a company, as it's one of the most recognizable U.S. stock market 澳洲幸运5官方开奖结果体彩网:benchmarks. Joining the S&P 500 can help boost name recognition and accessibility of the stock, as well as place it in ETFs and index funds that track the ind๊ex, which can in tu൲rn lead to higher demand and a short-term rise in price.