Jabil Circuit to Join S&P 500

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Jabil Circuit

(JBL) - Get Report

is moving up in the world.

The maker of electronic circuit board assemblies and systems will replace

Coastal Corp.

(CGP)

in the

Standard & Poor's 500

index. The date hasn't been set. S&P 500 component

El Paso Energy

(EPG)

is acquiring Coastal. El Paso will also replace Coastal in the

S&P 100

index.

Entercom Communications

(ETM) - Get Report

will replace Jabil Circuit in the

S&P MidCap 400

index.

Additionally,

Sterling Bancshares

(SBIB)

and

AstroPower

(APWR)

will replace

Spartan Motors

(SPAR) - Get Report

and

Bombay

(BBA)

in the

S&P SmallCap 600

index after the close of trading on Thursday. Both companies are being removed for lack of representation.