Okta (OKTA) will join the S&P 500 before the opening bell on Wednesday, November 4, replacing Kenvue (KVUE) as Kimberly-Clark (KMB) closes its roughly $48.7 billion takeover of the consumer-health company. The identity-security company arrives after a 140% run this year, so index buying may matter less than whether its AI-agent story keeps delivering.

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