S&P Global Stock Price, News & Analysis

S&P Global (NYSE: SPGI) has acquired ProntoNLP, a Generative AI tooling provider specializing in unstructured and structured data analysis. Founded in 2021, ProntoNLP's technology combines natural language processing with large language models for financial data analysis, offering customizable solutions for event detection and sentiment scoring.

The acquisition, completed on December 31, 2024, will integrate ProntoNLP into the S&P Global Market Intelligence division, with plans to implement its intellectual property across enterprise-wide applications. The company aims to enhance its AI-driven solutions for improved context understanding, predictions, and customer decision-making capabilities. Financial terms were not disclosed.

S&P Dow Jones Indices (SPGI) has announced updated market capitalization eligibility criteria for the S&P Composite 1500 Indices, effective January 2, 2025. The new thresholds are: $20.5 billion or more for S&P 500 (up from $18.0 billion), $7.4 billion to $20.5 billion for S&P MidCap 400 (previously $6.7-18.0 billion), and $1.1 billion to $7.4 billion for S&P SmallCap 600 (previously $1.0-6.7 billion).

These ranges target specific percentiles of the S&P Total Market Index: 85th for S&P 500, 85th-93rd for MidCap 400, and 93rd-99th for SmallCap 600. Companies must also maintain a float-adjusted market cap of at least 50% of their respective index's minimum threshold. These criteria apply to new additions only, not existing members.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index recorded a 3.6% annual gain in October 2024, showing a deceleration from the previous month's 3.9%. The 10-City and 20-City Composites posted annual increases of 4.8% and 4.2% respectively, both down from the previous month.

New York led with the highest annual gain of 7.3%, followed by Chicago (6.2%) and Las Vegas (5.9%). The National Index reached its 17th consecutive all-time high, though month-over-month data showed a -0.2% drop before seasonal adjustments. After seasonal adjustment, the National Index posted a 0.3% monthly increase.

Only two markets – Tampa and Cleveland – showed declines during the past month, while markets in Florida and Arizona, though rising, failed to keep pace with inflation.

Grid Dynamics Holdings (NASDAQ: GDYN) is set to join the S&P SmallCap 600 index, replacing Revelyst (NYSE: GEAR) effective prior to market opening on January 2, 2025. The change comes as Strategic Value Partners is acquiring Revelyst, with the deal expected to close soon pending final conditions. Grid Dynamics will be classified under the Information Technology sector in the index, while Revelyst, currently listed under Consumer Discretionary, will be removed.

International Seaways Inc. (NYSE: INSW) will replace Consolidated Communications Holdings (NASD: CNSL) in the S&P SmallCap 600 index effective prior to trading on Monday, December 30, 2024. The change comes as Searchlight Capital Partners and British Columbia Investment Management (BCI) are finalizing their acquisition of Consolidated Communications. The transition will see International Seaways joining the index under the Energy sector, while Consolidated Communications will be removed from the Communication Services sector.

NiSource (NYSE: NI) has been included in the 2024 Dow Jones Sustainability Indices (DJSI) for the 11th consecutive year. The company, which serves approximately 3.3 million natural gas and 500,000 electric customers across six states, scored above the industry mean in all ESG categories.

NiSource particularly excelled in areas including waste and water management, climate strategy, business ethics, and occupational health and safety. The DJSI, launched in 1999, measures company performance using environmental, social, and governance criteria, comparing peer companies on ESG risks, opportunities, and impacts.

The recognition reflects NiSource's commitment to environmental stewardship and its mission to deliver safe, reliable energy while driving value for customers and supporting economic development in served communities.

S&P Global Commodity Insights reports that methane emissions from oil and gas operations in the Permian Basin decreased 26% in 2023, equivalent to 34 billion cubic feet reduction. This decline equals the carbon emissions avoided by all U.S. electric vehicles that year, or approximately 18.5 million tons of CO2 emissions avoided.

The analysis, conducted with Insight M, used nearly 700 high-resolution aerial surveys covering 88% of the basin's active wells. Despite increased oil and gas production, the basin's methane intensity dropped by over 30%. The methane emissions represented 1.36% of the region's total 2023 production of over 23 bcf per day, with methane intensity at 0.63% of total production.

The improvement is attributed to better equipment and new technologies, including AI-driven analysis and enhanced leak detection methods.

Trane Technologies (NYSE:TT) has achieved notable recognition by being included in the S&P Dow Jones Sustainability World Index for the fourth consecutive year and the North America Index for the fourteenth consecutive year. The company scored in the 98th percentile in the Building Products industry, with a perfect score of 100 in the Energy category.

The company recently became the first in its industry to commit to a 40% reduction in embodied carbon through supplier partnerships and circular design criteria. This builds on their 2030 Sustainability Commitments and net-zero by 2050 pledge, with emissions reduction targets validated by the Science Based Targets Initiative.

Additional recognitions include placement in The Wall Street Journal's Management Top 250, Extel's 2024 All-America Executive Team, and TIME's inaugural World's Best Companies for Sustainable Growth ranking.

S&P Global Mobility forecasts global new light vehicle sales to reach 89.6 million units in 2025, representing a 1.7% year-over-year increase. The forecast reflects cautious recovery growth amid various challenges, including high interest rates, affordability issues, and changing EV adoption rates. The outlook considers several factors: improved supply, tariff impacts, elevated vehicle prices, and electrification challenges.

Key regional forecasts include: Western/Central Europe expected to flatline around 15 million units (+0.1%), US projected at 16.2 million units (+1.2%), and Mainland China forecast at 26.6 million units (+3.0%). Global battery electric vehicle sales are expected to reach 15.1 million units in 2025, up 30% from 2024, representing 16.7% of global light vehicle sales.