Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, June 28. Blackstone Inc. (NYSE: BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions.
The Nasdaq Composite finished the day without a fresh record close for the first time in more than a week. The Nasdaq fell 0.8%, snapping its streak of record closes at seven sessions. It rose 300 points, or 0.8% It beat both the S&P and Nasdaq for the first time since June 6.
The Dow Jones Industrial Average is up a mere 3% this year because of several laggard stocks. We have new picks to replace them.