LIVE MARKETS-Who's next for the S&P 500? The clock is ticking

Main U.S. indexes modestly green

Consumer Discretionary up most among S&P sectors; Materials weakest group

Euro STOXX 600 index off ~0.1%

Dollar up slightly; U.S. crude gains modestly; gold down >1%; bitcoin off >3%

U.S. 10-year Treasury yield rises to ~4.73%

With the buyout of Electronic Arts $EA set to close around the end of trading on August 4, attention is turning to who will take EA's spot in the S&P 500. The next opportunity for the index committee to announce a replacement comes after the market close on Friday at 5:15 p.m. ET.

According to Melissa Roberts, analyst at Stephens, there are 14 eligible candidates for direct S&P 500 inclusion, along with five sizable S&P MidCap 400 members that could be promoted. Technology, Communication Services, Financials, healthcare and Industrials appear the most likely sectors to gain a new S&P 500 member, she said in a note out early Friday.

Roberts sees two scenarios.

Bloom Energy is the largest eligible candidate, with a market capitalization north of $60 billion, making it a strong contender. Roberts' top pick in Communication Services is Reddit, while Astera Labs and Rocket Companies are among her preferred candidates in Technology and Financials, respectively.

EA's replacement could be handled alongside Resideo Technologies' spin-off of ADI Global Distribution, which is expected to begin trading under the ticker ADIG on August 4 and is seen as a likely addition to the S&P SmallCap 600.