The Miami Entrepreneur

: Silicon Valley Bank out of S&P 500 index; Insulet selected to replace it

S&P Indices said late Friday that Insulet Corp. PODD will replace Silicon Valley Bank parent SVB Financial Group SIVB in the S&P 500 index SPX at the open on Wednesday. The bank was shut down Friday by regulators. Insulet is medical device company based in Massachusetts. Insulet stock rallied 7% in the extended session after ending the regular trading day down 1%.

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