Veeva Systems to join S&P 500 index, replacing Coterra Energy

veeva systems will join the s&p 500 index, replacing coterra energy. the change takes effect before the open on a date yet to be announced. veeva's stock has been under pressure this year, along with the broader cloud software sector, as investors worry about ai's impact on the industry. the company makes cloud-based software for the life sciences industry. coterra energy, a natural gas and oil producer, will be removed from the index.