Standard & Poor's tweaked the
stock index late Tuesday and once again left
out of the dance.
unit will add
to the benchmark proxy after the close of trading Wednesday. The makeup company is replacing
, which is being delisted by the Nasdaq for filing violations.
Estee Lauder closed at $33.34 Tuesday. It traded as much as 7% higher in the after-hours session after the S&P news was released.
Tuesday's decision marks the second time in a week that Google fans have been disappointed by S&P's listing committee. The $131 billion market cap Internet behemoth is among the biggest publicly traded companies not represented in the S&P 500, although many expect that to change sometime this year.
Other moves announced Tuesday included the insertion of
into the S&P 600 SmallCap index. Per-Se replaces
, which it is acquiring.