INSIGHTS Insights for 4-6-20 By Staff Friday, April 3, 2020 12:57 PM "That would essentially be saying that retailers, with a few exceptions like Walmart, are no longer big-cap companies."Howard Silverblatt, a senior index analyst for Standard and Poor’s S&P Dow Jones Indices, after the S&P announced late last week that department store company Macy’s Inc. would be dropped from the S&P 500 index, as reported by CNBC.