THE S&P 500 IS CHANGING Two new names are entering the index: ➕ $VYLR — Vylor ➕ $TWLO — Twilio And two are leaving: ➖ $CTVA — Corteva ➖ $WBD — Warner Bros. Discovery But there’s more happening across the S&P indexes: 🌱 $VYLR entered the S&P 500 on Oct. 1 after being spun off from $CTVA. 📉 $CTVA moves down to the S&P MidCap 400. ☁️ $TWLO moves UP from the MidCap 400 to the S&P 500 on Oct. 6, replacing $WBD. 🔄 $FORM moves from the SmallCap 600 → MidCap 400, replacing $TWLO. 📊 $WK joins the SmallCap 600, replacing $FORM. 🧪 $OLN moves into the SmallCap 600, while $QRVO exits ahead of its acquisition by $SWKS. Index changes matter because funds tracking these benchmarks have to adjust their holdings — potentially creating significant trading volume around the effective dates. Watch the flows, not just the names. 👀 $SPY $VYLR $TWLO $CTVA $WBD $FORM $WK $OLN $QRVO