S&P Global Stock Price, News & Analysis

Haynes International (HAYN) will be removed from the S&P SmallCap 600 index due to its pending acquisition. Dream Finders Homes (DFH) will replace HAYN in the index effective prior to market opening on Monday, November 25, 2024. The change comes as Haynes International's acquisition is expected to close soon, pending final conditions. Dream Finders Homes will be classified under the Consumer Discretionary sector, while Haynes International was previously listed under Materials.

S&P Global Market Intelligence has released a report analyzing commercial real estate (CRE) market challenges. The study highlights that while higher interest rates and post-pandemic behavior changes are pressuring CRE borrowers, the impact varies across asset classes. The report reveals that approximately $950 billion of CRE mortgages are due in 2024, with rates nearly 200 basis points below current origination rates. While increased defaults are expected, particularly in the office segment, analysts suggest the stress won't be severe enough to threaten the US economy. Despite concerns, life insurers' mortgage loan holdings continue reaching record highs in 2024.

S&P Global Market Intelligence has released a report examining how climate change and extreme weather are transforming the insurance industry. The report highlights how secondary perils like floods, fires, and severe convective storms now constitute a larger portion of catastrophe losses compared to traditional peak perils like tropical cyclones and earthquakes.

The report reveals that secondary perils contributed to the global reinsurance industry failing to earn its cost of capital for five out of six years between 2017 and 2022. A notable example is Hurricane Helene's unexpected devastation in the Appalachian Mountains rather than coastal regions. The report also notes significant flooding events in Europe during 2024, with data suggesting northern Germany will face increased pluvial flooding risks by the 2050s.

Cercarbono, a Colombian standards-setting body for greenhouse gas reduction projects, has become the first participant in S&P Global Commodity Insights' Meta Registry® platform. This innovative solution connects environmental registries worldwide to enhance tracking, transfer, and retirement of carbon credits while mitigating double-counting risks.

The platform provides seamless connectivity between carbon reduction programs, national registries, buyers, sellers, and trading exchanges through a single dashboard. Cercarbono brings approximately 160 environmental projects to the platform, spanning across multiple countries including Colombia, Brazil, Mexico, and Peru. The registry focuses on ecosystem preservation and emerging technologies, with South American countries contributing nearly 15% of all carbon credits historically.

S&P Global Market Intelligence has released a report highlighting that generative artificial intelligence (GenAI) adoption is at an inflection point. According to their research, 18% of organizations have fully integrated GenAI, marking a 5-point increase in 6 months. The report identifies data quality and budget constraints as primary causes of AI project failures. Venture funding in GenAI has reached $20 billion in the first three quarters of 2024, with several startups achieving unicorn status before product launch.

R1 RCM (NASDAQ:RCM) will be removed from the S&P MidCap 400 index, effective prior to market opening on November 20, 2024. This change comes as a result of the company's pending acquisition by TowerBrook Capital Partners and Clayton, Dublier & Rice, expected to complete around November 19. Shift4 Payments (NYSE:FOUR) will replace R1 RCM in the index. The transition marks R1 RCM's departure from the Healthcare sector of the S&P MidCap 400, while Shift4 Payments will join as part of the Financials sector.

S&P Global (NYSE: SPGI) has launched the Kensho LLM-ready API in beta, enabling customers to integrate S&P Global datasets with generative AI models. The solution allows natural language querying of financial data through large language models like GPT, Gemini, or Claude. The API provides access to S&P Capital IQ Financials, Compustat® Financials, and Market Data, with partial access to Key Developments and GICRS. Additional datasets will be available throughout 2025. The service has been in beta testing with select customers since April 2024, helping institutions accelerate their GenAI adoption and workflows.

S&P Global (NYSE: SPGI) announced major generative AI enhancements to S&P Capital IQ Pro, introducing Document Intelligence and ChatIQ. Document Intelligence provides smart search and analysis capabilities for company filings, earnings calls, and other documents, while ChatIQ serves as an AI assistant for company and industry research. The platform now includes IQ Newsletters with mid-day market summaries for US, European, and Asian markets. These AI-powered tools aim to streamline analysis, improve user experience, and provide faster insights through modern technology solutions.

Global manufacturing demand showed continued weakness in October 2024, according to the GEP Global Supply Chain Volatility Index, which posted -0.39. U.S. factories made their strongest cutbacks to buying volumes in nearly 18 months, while Europe's industrial recession persisted, particularly affecting Germany's automotive sector.

In contrast, China's factory production rebounded after three months of contraction, and India maintained strong expansion. The index indicated one of the highest levels of spare capacity at global suppliers in over a year, with October marking the 14th consecutive month of excess supply relative to manufacturing demand globally.

By region, North America recorded the weakest purchasing activity (-0.72), followed by Europe (-0.52), while Asia showed more resilience (-0.20).