AI Play, Bitcoin Miner Rally On S&P Index Moves

Electric and power generation firm Vistra (VST) will join the S&P 500 index before Wednesday’s open, S&P Dow Jones Indices said Friday night. VST stock will replace Pioneer Natural Resources (PXD), which is being acquired by Exxon Mobil (XOM).

Meanwhile, bitcoin miner Marathon Digital (MARA) will drop down to the S&P SmallCap 600. Heating and AC play AAON (AAON) will move up to the S&P MidCap 400 index.

Vistra stock rose 4.2% Friday night. Shares have skyrocketed nearly 112% so far in 2024, as data centers’ power needs have soared with the AI boom. Vistra reports Q1 earnings on Wednesday morning.

Marathon Digital stock climbed 4.85% late. More funds track the S&P SmallCap 600 than the MidCap 400, so the demotion is bullish for MARA stock.

On the flip side, AAON is getting a promotion, but fewer funds will be obligated to hold it. AAON stock fell about 3%.

YOU MAY ALSO LIKE:

Best Growth Stocks To Buy And Watch

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today

Buffett’s Berkshire Earnings, Shareholder Meeting: Expect This

Market Makes Bullish Move, Nvidia A Buy; Five AI Stocks On Tap