S&P 500 changes are due out soon — and this could be a big update

The index committee in charge of the S&P 500 is expected to announce a round of changes after Friday’s close, and there could be some meaningful updates this time around.

S&P Dow Jones Indices usually announces a scheduled reshuffle of S&P 500

SPX members on the first Friday of the last month of the quarter, and the changes go into effect two weeks after that. The qualifier “usually” is important here because last quarter, investors who were highly anticipating updates went away empty-handed, as the committee decided against swapping in new members at its usual quarterly cadence.