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Standard & Poor's Announces Changes to U.S. Indices
- Tyco Electronics Ltd. (NYSE: TEL) will be removed from the S&P 500 after the close of trading on
Thursday, June 25 . Tyco is in the process of redomesticating toSwitzerland , rendering it ineligible for continued inclusion in the S&P 500 index.
- Tyco Electronics' place in the S&P 500 will be taken by MetroPCS Communications Inc. (NYSE: PCS) effective after the close of trading on
Monday, June 29 .
- S&P SmallCap 600 constituent Fossil Inc. (Nasdaq: FOSL) will replace YRC Worldwide Inc. (Nasdaq: YRCW) in the S&P MidCap 400, and Align Technology Inc. (Nasdaq: ALGN) will replace Fossil Inc. in the S&P SmallCap 600. As of today's close of trading, YRC Worldwide had a market capitalization of approximately
$100 million , ranking it 400th in the index.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
MetroPCS Communications is a wireless communications service provider. Headquartered in
Fossil designs, markets and distributes consumer fashion accessories. Headquartered in
Align Technology is a medical device company. Headquartered in
Following is a summary of the changes:
S&P 500 INDEX - June 25, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
DELETED Tyco Information Technology Electronic Manufacturing
Electronics Services
S&P 500 INDEX - June 29, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED MetroPCS Telecommunication Services Wireless
Communications Telecommunication
Services
S&P MIDCAP 400 INDEX - June 29, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Fossil Inc. Consumer Discretionary Apparel, Accessories &
Luxury Goods
DELETED YRC Industrials Trucking
Worldwide
S&P SMALLCAP 600 INDEX - June 29, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Align Health Care Health Care Supplies
Technology
DELETED Fossil Inc. Consumer Discretionary Apparel, Accessories &
Luxury Goods
About Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor's