S&P announces changes to S&P 100, 500 indices
S&P Dow Jones Indices will make the following changes to the S&P 100 and S&P 500 indices:
S&P 100 & 500 constituent Amazon.com (AMZN) is acquiring Whole Foods Market in a deal expected to be completed on Monday, August 28.
S&P 500 constituent Charter Communications (CHTR) will replace E. I. du Pont de Nemours and Co. (DD) in the S&P 100, and SBA Communications (SBAC) will replace E. I. du Pont de Nemours in the S&P 500 effective prior to the open on Friday, September 1.
S&P 100 & 500 constituent The Dow Chemical Company (DOW) is acquiring du Pont in a deal expected to be completed after the close on Thursday, August 31.
Post-merger, the combined company, which will change its name to DowDuPont and trade under the ticker “DWDP“, will remain in the S&P 100 & S&P 500.
S&P 100 INDEX
The S&P 100 Index is a stock market index of United States stocks maintained by Standard & Poor’s.
Index options on the S&P 100 are traded with the ticker symbol “OEX”. Because of the popularity of these options, investors often refer to the index by its ticker symbol.
The S&P 100, a subset of the S&P 500, includes 102 (because two of its component companies have 2 classes of stock) leading U.S. stocks with exchange-listed options.
Constituents of the S&P 100 are selected for sector balance and represent about 63% of the market capitalization of the S&P 500 and almost 51% of the market capitalization of the U.S. equity markets as of January 2017.
The stocks in the S&P 100 tend to be the largest and most established companies in the S&P 500.
S&P 500 INDEX
The Standard & Poor’s 500, often abbreviated as the S&P 500, or just “the S&P” is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.
The S&P 500 index components and their weightings are determined by S&P Dow Jones Indices. It differs from other U.S. stock market indices, such as the Dow Jones Industrial Average or the Nasdaq Composite index, because of its diverse constituency and weighting methodology.
It is one of the most commonly followed equity indices, and many consider it one of the best representations of the U.S. stock market, and a bellwether for the U.S. economy.
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