Motorcycle maker Harley-Davidson knocked off S&P 500, a key benchmark for the U.S. stock market

From JSOnline:

Rick Barrett, Milwaukee Journal Sentinel

The Harley-Davidson Pan America is the company's first adventure touring bike. It will be released in 2020. (Photo: Harley-Davidson Inc.)

Harley-Davidson Inc. has been removed from the Dow Jones S&P 500 list, a key benchmark for U.S. stocks, but analysts say investors are more concerned about Harley's share price and company performance. 

Dow Jones announced the move Monday, saying that Harley and two other S&P 500 companies, Nordstrom Inc. and Alliance Data Systems Corp., will move to the S&P MidCap 400 list. Harley will move to the S&P MidCap 400 GICS Motorcycles Manufacturers Sub-Industry Index.

The S&P 500 is viewed as an important benchmark index for the U.S. stock market. Composed of 500 companies across a wide range of industries, the index captures the pulse of the American corporate economy.

Read more: https://www.jsonline.com/story/money/2020/06/15/milwaukee-based-harley-davidson-removed-s-p-500/3194719001/