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Why Hamilton Lane Stock Soared by 4% on Monday

TheMotleyFool 
0 0 10.09.24
Why Hamilton Lane Stock Soared by 4% on Monday: https://g.foolcdn.com/editorial/images/790216/person-gazing-at-a-laptop-located-on-a-desk-already-supporting-two-pc-monitors.jpg
 

The latest news item published by an influential financial-services company had a very positive knock-on effect on Hamilton Lane (NASDAQ: HLNE) shares Monday. The stock of the under-the-radar financial-services provider leaped more than 4% higher on the day as a result, easily topping the 1.2% gain of the S 500 index.

After market hours on Friday, S Global's S Dow Jones Indices unit announced the latest set of changes to several of its stock indexes. One of these adjustments propelled Hamilton Lane into the S index family, which for many investors and market professionals is the leading group of market indicators.

Specifically, Hamilton Lane is to become a component stock of the S MidCap 400 index where it is replacing semiconductor company Wolfspeed. The former is one of six companies joining the mid-cap grouping, only one of which -- Fabrinet -- is advancing from a "lower" index in the family, specifically the S SmallCap 600.

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Source Fool.com

Dow Inc. Stock

€45.41
-1.720%
A loss of -1.720% shows a downward development for Dow Inc..

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