J&J spinoff Kenvue to replace Advance Auto Parts on the S&P 500

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J&J spinoff Kenvue to replace Advance Auto Parts on the S&P 500
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Kenvue Inc. the maker of Tylenol and Benadryl, will replace auto-parts retailer Advance Auto Parts Inc. on the S&P 500 Index S&P Dow Jones Indices said on...

Kenvue Inc.

the maker of Tylenol and Benadryl, will replace auto-parts retailer Advance Auto Parts Inc. AAP, -2.33% on the S&P 500 Index SPX, +0.69%, S&P Dow Jones Indices said on Monday. The move takes hold before the opening of trading on Friday. S&P Dow Jones Indices earlier this month said Kenvue, a spinoff of Johnson & Johnson JNJ, -2.98%, would join the index, but at that time did not disclose the company Kenvue would be replacing.

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