Twitter will be removed from the S&P 500 index and will be replaced by Arch Capital Group

ChainCatcher news, according to The Block, the S&P 500 index will remove Twitter stock on November 1, replacing it with the insurance company Arch Capital Group. Musk's acquisition of Twitter will be completed this Friday. A representative from the S&P 500 index stated that changes to the index composition are made when necessary. It is reported that if a company is involved in a merger, acquisition, or significant restructuring, its stock may be removed from the S&P 500 index.

According to previous reports, based on information from the NYSE website, Twitter stock will also be temporarily suspended from trading on the NYSE on October 28. (source link)