Federal Home Loan Mortgage Corp. [FRE] will be removed from the S&P 500 after the close of trading on Wednesday, September 10. Its place in the S&P 500 will be taken by Salesforce.com Inc. [CRM], which will be added after the close of trading on Friday, September 12. As of today's close of trading Federal Home Loan Mortgage Corp. had a market capitalization of approximately $614 million, whereas the minimum market cap a company must maintain in order to be eligible for admission to the index is $5 billion.
-- Federal National Mortgage Association [FNM] will be removed from the S&P 500 after the close of trading on Wednesday, September 10. Its place in the S&P 500 will be taken by S&P MidCap 400 constituent Fastenal Co. [FAST], which will be added after the close of trading on Friday, September 12.
~ Standard & Poor's, "Standard & Poor's Announces Changes to U.S. Indices," PRNewswire, September 9, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment