Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
S&P Dow Jones Indices (SPGI) has announced updated market capitalization eligibility criteria for the S&P Composite 1500 Indices, effective January 2, 2025. The new thresholds are: $20.5 billion or more for S&P 500 (up from $18.0 billion), $7.4 billion to $20.5 billion for S&P MidCap 400 (previously $6.7-18.0 billion), and $1.1 billion to $7.4 billion for S&P SmallCap 600 (previously $1.0-6.7 billion).
These ranges target specific percentiles of the S&P Total Market Index: 85th for S&P 500, 85th-93rd for MidCap 400, and 93rd-99th for SmallCap 600. Companies must also maintain a float-adjusted market cap of at least 50% of their respective index's minimum threshold. These criteria apply to new additions only, not existing members.
The S&P CoreLogic Case-Shiller U.S. National Home Price Index recorded a 3.6% annual gain in October 2024, showing a deceleration from the previous month's 3.9%. The 10-City and 20-City Composites posted annual increases of 4.8% and 4.2% respectively, both down from the previous month.
New York led with the highest annual gain of 7.3%, followed by Chicago (6.2%) and Las Vegas (5.9%). The National Index reached its 17th consecutive all-time high, though month-over-month data showed a -0.2% drop before seasonal adjustments. After seasonal adjustment, the National Index posted a 0.3% monthly increase.
Only two markets – Tampa and Cleveland – showed declines during the past month, while markets in Florida and Arizona, though rising, failed to keep pace with inflation.
Acadia Pharmaceuticals (NASD: ACAD) will be added to the S&P SmallCap 600 prior to the opening of trading on Jan 3, 2025, replacing Independent Bank Group (NASD: IBTX).
The change follows an announced acquisition involving SouthState (NYSE: SSB) and is effective before the market open on the stated date. For details, see S&P Dow Jones Indices.
Grid Dynamics Holdings (NASD: GDYN) will be added to the S&P SmallCap 600 prior to the opening of trading on January 2, 2025, replacing Revelyst (GEAR).
The change is effective on the stated date and is part of S&P Dow Jones Indices regular index maintenance.
International Seaways Inc. (NYSE: INSW) will replace Consolidated Communications Holdings (NASD: CNSL) in the S&P SmallCap 600 index effective prior to trading on Monday, December 30, 2024. The change comes as Searchlight Capital Partners and British Columbia Investment Management (BCI) are finalizing their acquisition of Consolidated Communications. The transition will see International Seaways joining the index under the Energy sector, while Consolidated Communications will be removed from the Communication Services sector.
NiSource (NYSE: NI) has been included in the 2024 Dow Jones Sustainability Indices (DJSI) for the 11th consecutive year. The company, which serves approximately 3.3 million natural gas and 500,000 electric customers across six states, scored above the industry mean in all ESG categories.
NiSource particularly excelled in areas including waste and water management, climate strategy, business ethics, and occupational health and safety. The DJSI, launched in 1999, measures company performance using environmental, social, and governance criteria, comparing peer companies on ESG risks, opportunities, and impacts.
The recognition reflects NiSource's commitment to environmental stewardship and its mission to deliver safe, reliable energy while driving value for customers and supporting economic development in served communities.
S&P Global Commodity Insights reports that methane emissions from oil and gas operations in the Permian Basin decreased 26% in 2023, equivalent to 34 billion cubic feet reduction. This decline equals the carbon emissions avoided by all U.S. electric vehicles that year, or approximately 18.5 million tons of CO2 emissions avoided.
The analysis, conducted with Insight M, used nearly 700 high-resolution aerial surveys covering 88% of the basin's active wells. Despite increased oil and gas production, the basin's methane intensity dropped by over 30%. The methane emissions represented 1.36% of the region's total 2023 production of over 23 bcf per day, with methane intensity at 0.63% of total production.
The improvement is attributed to better equipment and new technologies, including AI-driven analysis and enhanced leak detection methods.
Trane Technologies (NYSE:TT) has achieved notable recognition by being included in the S&P Dow Jones Sustainability World Index for the fourth consecutive year and the North America Index for the fourteenth consecutive year. The company scored in the 98th percentile in the Building Products industry, with a perfect score of 100 in the Energy category.
The company recently became the first in its industry to commit to a 40% reduction in embodied carbon through supplier partnerships and circular design criteria. This builds on their 2030 Sustainability Commitments and net-zero by 2050 pledge, with emissions reduction targets validated by the Science Based Targets Initiative.
Additional recognitions include placement in The Wall Street Journal's Management Top 250, Extel's 2024 All-America Executive Team, and TIME's inaugural World's Best Companies for Sustainable Growth ranking.
S&P Global Mobility forecasts global new light vehicle sales to reach 89.6 million units in 2025, representing a 1.7% year-over-year increase. The forecast reflects cautious recovery growth amid various challenges, including high interest rates, affordability issues, and changing EV adoption rates. The outlook considers several factors: improved supply, tariff impacts, elevated vehicle prices, and electrification challenges.
Key regional forecasts include: Western/Central Europe expected to flatline around 15 million units (+0.1%), US projected at 16.2 million units (+1.2%), and Mainland China forecast at 26.6 million units (+3.0%). Global battery electric vehicle sales are expected to reach 15.1 million units in 2025, up 30% from 2024, representing 16.7% of global light vehicle sales.
S&P Global Mobility forecasts December 2024 U.S. auto sales to reach 1.45 million units, maintaining a 16.5 million SAAR (seasonally adjusted annual rate). The fourth quarter's selling rate average of 16.4 million units marks the highest quarterly average since Q2 2021. For 2025, sales volumes are projected to reach 16.18 million units, a modest 1.2% increase from 2024's estimated 16.0 million units.
The report highlights ongoing challenges including high vehicle pricing, though expected to decline, and sticky inflation despite anticipated lower interest rates. Battery Electric Vehicle (BEV) share has consistently exceeded 8% since June, with December projections exceeding 9.0%, potentially driven by anticipated withdrawal of Federal EV incentives in 2025.