Live Nation, Zebra and Steris to join S&P 500, TripAdvisor among companies dropped

The S&P 500 index

SPX, +0.01%

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.

LYV, -7.33%,

Zebra Technologies Corp.

ZBRA, -0.19%

and Steris PLC

STE, -1.13%

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.

TRIP, -0.68%,

Affiliated Managers Group Inc.

AMG, -2.10%

and The Macerich Co.

MAC, -1.70%

“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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