NEW YORK (AP) Standard & Poor's said Thursday it will add miner Freeport-McMoRan Copper & Gold Inc. to its S&P 100 index to replace Schering-Plough Corp., after the drugmaker merges with Merck & Co. in a deal expected to be completed soon.
Priceline.com Inc. will replace Schering-Plough in the S&P 500, and equity index product provider MSCI Inc. will replace the online travel discounter in the S&P MidCap 400, S&P said in a statement. The date of the changes were not announced. Shares of Priceline jumped 4.6 percent in aftermarket trading to $170.05, while shares of MSCI climbed $2.27, or nearly 8 percent, to $31.50. Freeport-McMoRan shares edged up $1.18 to $79.35 after-hours. Stocks often rise after they are added to major indexes as they are bought by managers of investment funds that mirror the indexes.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,318.16 | 1,091.38 | 2,146.04 | 33.56 |
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10 Yr
3.36%
SPDR Gold
112.94
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+0.21%
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