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Arch joins S&P 500

Arch Capital Group, the Bermudian-based re/insurer, has joined the Standard and Poor’s 500.

The company replaced the social media platform Twitter, recently acquired by entrepreneur Elon Musk.

Shares of the insurance company rose more than 8 per cent Friday morning at $55.83.

The S&P 500 is a stock market index that includes 500 leading companies and covers approximately 80 per cent of available market capitalisation.

It is widely regarded as the best single gauge of large-cap US equities.

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Published November 07, 2022 at 7:36 am (Updated November 07, 2022 at 7:36 am)

Arch joins S&P 500

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