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Tesla Fails To Become Part of S&P 500 Index

The company had been widely expected to join the benchmark index, but S&P Dow Jones Indices went with Etsy, Teradyne and Catalent instead.
The S&P 500 gained 1.5%, finishing above the 3,000-point mark for the first time since early March. Dow Jones Industrials crossed above 25,000 points, where it also hasn’t closed since March.