Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Facebook to Join S&P 500 and 100 Indices

Facebook_F380Facebook has just ascended to one of the most closely watched measures of the global market for stocks, the Standard & Poor’s 500 index.

According to a statement from S&P Dow Jones Indices, a division of McGraw Hill Financial, Facebook will also join the S&P 100.

In both cases it will replace other companies which are being shifted to other indices. On the S&P 500, it will replace Teradyne, the maker of test and measurement equipment, which will shift to the S&P MidCap 400 index. On the S&P 100, Facebook will replace The Williams Companies, a player in the energy business.

Facebook shares rose by more than four percent in after-hours trading after the news was announced. As of the close of regular trading today, the shares had risen by more than 85 percent this year.


Latest Video

View all videos »

Search »

There’s a lot of attention and PR around Marissa, but their product lineup just kind of blows.

— Om Malik on Bloomberg TV, talking about Yahoo, the September issue of Vogue Magazine, and our overdependence on Google