DocuSign Set to Join S&P MidCap 400 and MDU Resources Group to Join S&P SmallCap 600

Rhea-AI Summary

S&P Dow Jones Indices announced index changes effective prior to the open on Oct 11, 2024. DocuSign (DOCU) will be added to the S&P MidCap 400, MDU Resources (MDU) will move from the MidCap 400 to the S&P SmallCap 600, and Chuy's Holdings (CHUY) will be deleted from the SmallCap 600.

The release notes Darden Restaurants (DRI) is acquiring Chuy's, pending final closing conditions, and MDU Resources announced an intended spin-off later this month.

Positive

• DocuSign added to S&P MidCap 400 on Oct 11, 2024
• MDU Resources added to S&P SmallCap 600 on Oct 11, 2024
• Index changes take effect prior to trading on Oct 11, 2024

Negative

• Chuy's deleted from S&P SmallCap 600 due to pending acquisition
• MDU Resources announced an intended spin-off later in October 2024

Market Context

This announcement highlights S&P index changes triggered by Darden Restaurants’ role as the S&P 500 ...

Analysis

This announcement highlights S&P index changes triggered by Darden Restaurants’ role as the S&P 500 acquirer of Chuy’s Holdings, affecting where related companies sit in the S&P MidCap 400 and SmallCap 600. For Darden, it connects to a broader pattern of portfolio reshaping and acquisitions reflected in recent filings and earnings updates. Investors may watch how integration of acquired assets progresses, along with future disclosures and capital allocation choices enabled by the company’s automatic shelf registration.

Key Figures

Effective date: Oct 11, 2024 S&P MidCap index size: 400 S&P SmallCap index size: 600 +2 more

5 metrics

Effective date Oct 11, 2024 Index changes effective prior to market open

S&P MidCap index size 400 DocuSign added, MDU Resources deleted

S&P SmallCap index size 600 MDU Resources added, Chuy’s Holdings deleted

S&P 500 reference 500 DRI noted as constituent of S&P 500

First index year 1884 Year Charles Dow invented the first index

Historical Context

5 past events · Latest: Mar 19 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 19	Q3 earnings, dividend	Positive	+1.9%	Stronger Q3 sales, higher adjusted EPS, dividend declaration, and updated outlook.
Feb 19	Earnings call notice	Neutral	+2.0%	Scheduled Q3 2026 earnings release and investor conference call details.
Feb 03	Portfolio restructuring	Neutral	+2.3%	Closure and conversion of Bahama Breeze units as part of portfolio review.
Dec 18	Q2 earnings, dividend	Positive	+1.8%	Q2 sales and EPS growth with dividend declaration and fiscal 2026 outlook.
Nov 20	Earnings call notice	Neutral	+3.3%	Announcement of Q2 2026 results release and management conference call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news around earnings, dividends, and strategic portfolio actions has typically coincided with positive next-day price reactions.

Recent Company History

Over the last several quarters, Darden has focused on steady sales growth, shareholder returns, and portfolio reshaping. Earnings updates on Dec 18, 2025 and Mar 19, 2026 highlighted higher sales, rising adjusted EPS, dividends, and buybacks, each followed by gains of 1.77–1.85%. Announcements about conference calls and strategic moves, including Bahama Breeze closures and conversions, also saw positive reactions of 2.01–3.26%. Today’s index-related news connects to that broader expansion strategy via the Chuy’s acquisition.

Key Terms

s&p midcap 400, s&p smallcap 600, s&p 500, dow jones industrial average, +1 more

5 terms

s&p midcap 400 financial

"Oct 11, 2024 | S&P MidCap 400 | Addition | DocuSign | DOCU | Information Technology"

The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.

s&p smallcap 600 financial

"Oct 11, 2024 | S&P SmallCap 600 | Addition | MDU Resources Group | MDU | Industrials"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

s&p 500 financial

"S&P 500 constituent Darden Restaurants Inc. (NYSE: DRI) is acquiring Chuy's Holdings"

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

View in glossary

dow jones industrial average financial

"such as the S&P 500® and the Dow Jones Industrial Average®."

A stock market index that tracks the share prices of a small group of large, well-known companies to give a quick snapshot of how the broader market is doing. Think of it like a thermometer for the stock market: it uses a handful of heavyweight firms as representative samples to show whether investor sentiment is rising or falling, which helps investors gauge market trends and compare performance over time.

View in glossary

indices financial

"S&P Dow Jones Indices is the largest global resource for essential index-based concepts"

Indices are measurements that track the combined performance of a selected group of stocks or other financial assets, acting like a thermometer for a segment of the market. They matter to investors because they reveal broad market trends, provide a benchmark to judge how individual investments perform, and underpin index-based funds that let people buy wide exposure without choosing single stocks — like buying the score of a whole team instead of one player.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE: DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
Oct 11, 2024	S&P MidCap 400	Addition	DocuSign	DOCU	Information Technology
Oct 11, 2024	S&P MidCap 400	Deletion	MDU Resources Group	MDU	Industrials
Oct 11, 2024	S&P SmallCap 600	Addition	MDU Resources Group	MDU	Industrials
Oct 11, 2024	S&P SmallCap 600	Deletion	Chuy's Holdings	CHUY	Consumer Discretionary

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/docusign-set-to-join-sp-midcap-400-and-mdu-resources-group-to-join-sp-smallcap-600-302269292.html

SOURCE S&P Dow Jones Indices

FAQ

What index changes affect DocuSign (DOCU) on Oct 11, 2024?

DocuSign (DOCU) will be added to the S&P MidCap 400 effective Oct 11, 2024. According to S&P Dow Jones Indices, the change is scheduled prior to the open of trading and will replace MDU Resources in the MidCap 400.

Why is MDU Resources (MDU) moving to the S&P SmallCap 600 on Oct 11, 2024?

MDU Resources (MDU) will be added to the S&P SmallCap 600 effective Oct 11, 2024. According to S&P Dow Jones Indices, MDU is deleted from the MidCap 400 and inserted into the SmallCap 600 the same effective date.

What happens to Chuy's Holdings (CHUY) in the S&P SmallCap 600 on Oct 11, 2024?

Chuy's Holdings (CHUY) will be deleted from the S&P SmallCap 600 effective Oct 11, 2024. According to S&P Dow Jones Indices, the deletion follows an acquisition by Darden Restaurants that is pending final closing conditions.

Does the Darden Restaurants (DRI) acquisition affect CHUY's index membership?

Yes. Chuy's deletion from the SmallCap 600 is tied to its pending acquisition by Darden Restaurants. According to S&P Dow Jones Indices, the acquisition is expected to complete soon, subject to final closing conditions.

When do the DocuSign, MDU, and Chuy's index changes take effect?

All index changes take effect prior to the open of trading on Oct 11, 2024. According to S&P Dow Jones Indices, additions and deletions are scheduled to occur before markets open on that date.

What corporate action did MDU Resources announce ahead of its index move (MDU)?

MDU Resources announced its intention to spin off a company later in October 2024. According to S&P Dow Jones Indices, the spin-off intention was disclosed ahead of MDU's move to the SmallCap 600.