S&P Dow Jones Indices announced a range of changes that it was making to its S&P 100, S&P 500, MidCap 400 and S&P SmallCap 600 indexes, to be effective as of Dec. 20, 2013.
The most notable of the changes was the inclusion of social networking company Facebook in the S&P 500 and S&P 100 indexes. The new addition displaced The Williams Companies Inc. from the S&P 100, but it remains in the S&P 500. Meanwhile, Teradyne Inc. was demoted from the S&P 500 to the S&P MidCap 400.
Two more companies, Alliance Data Systems Corp. and Mohawk Industries Inc., joined the S&P 500 from the S&P MidCap 400, displacing Abercrombie & Fitch Co. and JDS Uniphase Corp., which both then joined the S&P MidCap 400, the press release said.
Additionally, Teradyne took the place of Scholastic Corp. in the S&P MidCap 400; Scholastic, in turn, moved to the S&P SmallCap 600, bumping Lincoln Education Services Corp from the indexes entirely. Old Dominion Freight Line Inc. and Brunswick Corp., both formerly constituents of the S&P SmallCap 600, switched places with Arch Coal Inc. and Regis Corp. in the S&P Midcap 400, according to the press release.