S&P Global stock plunged 8.46% on February 3 due to sector-wide automation fears sparked by a new AI tool, while the company also announced the name for its upcoming Mobility division spin-off.
- The stock traded down to $483.02 following the sharp morning sell-off, which caught the downdraft affecting major data and information service firms globally.
- The Mobility division spin-off, planned for completion in April 2025, will be named Mobility Global, Inc. upon separation into a standalone public company.