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Peabody Energy Joins S&P 500

The company will replace HCA.
Author:

Standard & Poor's will move

Peabody Energy

(BTU) - Get Peabody Energy Corporation Report

into the

S&P 500

, replacing

HCA

(HCA) - Get HCA Healthcare Inc Report

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, a hospital operator that's being acquired by an investor group.

Google

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, already a member of the S&P 500, will take HCA's place in the S&P 100.

Dick's Sporting Goods

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will become a member of the S&P 400, replacing Peabody in that index.

Shares of Peabody were gaining 3.7% to $43 in premarket trading Thursday. Stocks that are added to the S&P 500 usually rise because fund managers who track the index have to purchase the shares for their portfolios.