S&P Dow Jones Indices announced changes to the S&P 500 index after the bell Friday that will see four companies added and four others removed from the benchmark, effective March 22.
In addition, S&P 500 components Broadcom (AVGO) - Get Report, T-Mobile US Inc. (TMUS) - Get Report and Linde plc (LIN) - Get Report, will replace Allstate Corp. (ALL) - Get Report, Kinder Morgan (KMI) - Get Report and Schlumberger NV (SLB) - Get Report in the S&P 100 index. The replaced companies will remain in the S&P 500 index.
Shares of NXP Semiconductors rose $11.38, or 6.2% to $194.85 in after-hours trading. Penn National Gaming shares gained $8.03, or 6.15%, to $138.50. Generac rose $13.50, or 4.1%, to $342.80. Caesars Entertainment gained $4.28, or 4.25%, to $104.90.
Among the companies being removed, Flowserve edged up 28 cents, or 0.7%, to $41.68. SL Green Realty fell 0.97, or 1.25%, to $76.79. Xerox Holdings slipped 23 cents or 0.85%, to $26.68. Vontier fell 32 cents, or 1%, to $30.76.
All of the changes take place effective March 22, S&P Dow Jones Indices said in a statement.
The changes were the first since Elon Musk's electric vehicle maker Tesla (TSLA) - Get Report joined the index in December. Shares of the company closed Friday at $693.73, just below where they stood before becoming an S&P 500 component.
On Wall Street Friday, the Dow Jones Industrial Average rose but the Nasdaq slumped as Treasury yields jumped to the highest level in more than a year, a day after optimism over the $1.9 trillion U.S. pandemic relief package sent equities to record highs. The Dow Jones Industrial Average rose 240 points, or 0.74%, to 32,725, and set an intraday record high. The S&P 500 slipped 0.05% and the tech-heavy Nasdaq dropped 0.77%.
Netflix is cracking down on viewers using accounts from households to which they don't belong. The reaction on social media isn't pretty.
Wells Fargo analyst echoes Jim Cramer's view that the recent pullback in Costco shares presents a solid buying opportunity for the giant bulk-price retailer.
Linde Plc is a holding in Jim Cramer's Action Alerts PLUS member club.