Hilton Worldwide Holdings (HLT) will replace Yahoo (YHOO) in the S&P 500
Align Technology (ALGN) and ANSYS (ANSS) will also be added to the S&P 500
S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P MidCap 400 indices effective prior to the open of trading on Monday, June 19:
Yahoo is expected to convert to a publicly traded, non-diversified, closed-end management investment company under the Investment Company Act of 1940 on June 16, a few days after the expected sale of its operational business to S&P 100 & 500 constituent Verizon Communications (VZ). Closed end funds are ineligible for inclusion in the S&P 500.
S&P MidCap 400 constituents Align Technology (ALGN) and ANSYS (ANSS) will replace Teradata (TDC) and Ryder System (R) respectively in the S&P 500.
Align Technology and ANSYS have total market capitalizations above $10B making them more representative of the large-cap market space.
Teradata and Ryder System have total market capitalizations below $3.7B making them more representative of the mid-cap market space.
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