Geopolitics Alpha

Here’s who’s joining the S&P 500 in the index’s latest shakeup

Published . Updated .

Twilio gets the nod, as current component Warner Bros Discovery is due to merger with Paramount.

Directly affected

  • TWLO Twilio

    Named in this report.

  • WBD Warner Bros. Discovery

    Named in this report.

Indirectly affected

  • CPER UNITED STATES COPPER INDEX FUND

    GA selected CPER as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITW BITWISE 10 CRYPTO INDEX ETF SHS REPSTG UNIT BEN INT

    GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • CVMC MORGAN STANLEY ETF TR CALVERT US MID CAP CORE RESPONSIBLE INDEX ETF ETF

    GA selected CVMC as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • EZPZ FRANKLIN CRYPTO INDEX ETF

    GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • FIDU FIDELITY MSCI INDUSTRIAL INDEX ETF

    GA selected FIDU as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • FMAT FIDELITY MSCI MATERIALS INDEX ETF

    GA selected FMAT as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TWLO———————
WBD———————
CPER———————
BITW———————
CVMC———————
EZPZ———————
FIDU———————
FMAT———————

Twilio gets the nod, as current component Warner Bros Discovery is due to merger with Paramount.

Source: MarketWatch

Price since this story was published: Warner Bros. Discovery (WBD)

Since the first closing price after “Here’s who’s joining the S&P 500 in the index’s latest shakeup,” Warner Bros. Discovery (WBD) is +0.10%. The S&P 500 fund (SPY) is -0.40% over the same days, a +0.49% difference versus the market.

WBD
SPY

Who reported a Warner Bros. Discovery (WBD) trade near this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Warner Bros. Discovery (WBD)

Companies tied to this story

  • WBD Warner Bros. Discovery

    Warner Bros. Discovery (WBD) is linked, with no stored direction, high confidence in the 1 Oct 2026 story “Here’s who’s joining the S&P 500 in the index’s latest shakeup.” Reason on file: The reported development directly names WARNER BROS DISCOVERY INC in the summary; GA resolved that company to WBD

  • CPER United States Commodity Index Funds Trust

    For “Here’s who’s joining the S&P 500 in the index’s latest shakeup,” United States Commodity Index Funds Trust (CPER) is linked, with no stored direction, medium confidence. Reason on file: GA selected CPER as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITW Bitwise 10 Crypto Index ETF

    In “Here’s who’s joining the S&P 500 in the index’s latest shakeup,” Bitwise 10 Crypto Index ETF (BITW) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • CVMC Morgan Stanley Etf Tr Calvert Us Mid Cap Core Responsible Index Etf Etf

    For “Here’s who’s joining the S&P 500 in the index’s latest shakeup,” Morgan Stanley Etf Tr Calvert Us Mid Cap Core Responsible Index Etf Etf (CVMC) is linked, with no stored direction, medium confidence. Reason on file: GA selected CVMC as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • EZPZ Franklin Crypto Trust

    Franklin Crypto Trust (EZPZ) is linked, with no stored direction, medium confidence in the 1 Oct 2026 story “Here’s who’s joining the S&P 500 in the index’s latest shakeup.” Reason on file: GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FIDU Fidelity Msci Industrial Index Etf

    Fidelity Msci Industrial Index Etf (FIDU) is linked, with no stored direction, medium confidence in the 1 Oct 2026 story “Here’s who’s joining the S&P 500 in the index’s latest shakeup.” Reason on file: GA selected FIDU as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FMAT Fidelity Msci Materials Index Etf

    In “Here’s who’s joining the S&P 500 in the index’s latest shakeup,” Fidelity Msci Materials Index Etf (FMAT) is linked, with no stored direction, medium confidence. Reason on file: GA selected FMAT as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Warner Bros. Discovery (WBD)

Warner Bros. Discovery (WBD) is the company in “Here’s who’s joining the S&P 500 in the index’s latest shakeup,” the 1 Oct 2026 this story story.

Warner Bros. Discovery (WBD) is on the page because The reported development directly names WARNER BROS DISCOVERY INC in the summary; GA resolved that company to WBD

United States Commodity Index Funds Trust (CPER) is here too. Its reason reads: GA selected CPER as a RELATED security because its canonical security name directly matches this event's themes: index. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

The price range for Warner Bros. Discovery (WBD), and the dates in the story

BITW traded between 51.43 and 56.92 across 20 sessions. The latest close on file is 52.47. CPER traded between 39.20 and 41.49 across 20 sessions. The latest close on file is 39.58. WBD traded between 27.84 and 30.99 across 13 sessions. The latest close on file is 30.97.

What the saved facts support for Warner Bros. Discovery (WBD)

46 out of 100

“Here’s who’s joining the S&P 500 in the index’s latest shakeup” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.