The Zhitong Finance App learned that after S&P Dow Jones Indices adopts new stock classification rules, growth stocks and value stocks will usher in a reshuffle. According to a statement issued by the index provider on Friday, S&P will include intangible assets, expected profits, and free cash flow in an index system to determine whether a company is cheap compared to its stock price. Meanwhile, the 12-month price momentum, a measure of a company's growth potential, will be eliminated. These new rules were introduced after a recent consultation process and will officially take effect during the annual index restructuring before the market opens on December 21.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.