The S&P 500 index
will have some new members in 2020, after S&P Dow Jones Indices announced a shuffle set to take place just before Christmas. Live Nation Entertainment Inc.
Zebra Technologies Corp.
and Steris PLC
will join the benchmark index ahead of trading on Dec. 23, S&P Dow Jones Indices said in an announcement Friday afternoon. They will graduate from the S&P MidCap 400 and replace three companies that will drop down to that index: TripAdvisor Inc.
Affiliated Managers Group Inc.
and The Macerich Co.
“All companies moving to the S&P 500 have market capitalizations above $12 billion, and all companies moving to the S&P MidCap 400 have market capitalizations below $4.5 billion,” the announcement notes. Live Nation’s stock showed the largest reaction to the news, jumping 1.8% in after-hours trading, after falling 7.3% in regular trading after a report that the Justice Department is preparing legal action against the Ticketmaster parent company.
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