S&P Indices said late Friday that Insulet Corp. PODD, -0.97% will replace Silicon Valley Bank parent SVB Financial Group SIVB, -60.41% in the S&P 500 index SPX, -1.45% 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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