Facebook will join the Standard & Poor's 500 stock index, replacing technology supplier Teradyne Inc., while Abercrombie & Fitch is downgraded from the benchmark index.
S&P Dow Jones Indices on Wednesday announced a broader reshuffling of several of its market trackers, effective after the close of trading Dec. 20.
Shares of Menlo Park, Calif.-based Facebook Inc. have surged 86 per cent this year and picked up nearly four per cent in after-hours trading. The company is also joining the S&P 100 index.
Abercrombie & Fitch Co. stock is down 31 per cent in 2013 as teen retailers fade in popularity. It's being moved down to an index for companies with smaller market values, the S&P MidCap 400. The New Albany, Ohio-based company's stock shed almost 2 per cent in extended trading.
Traditional, religious and local government Leaders are being trained in Liberia to enable them to take control of the fight against the deadly Ebola v... More Traditional, religious and local government Leaders are being trained in Liberia to enable them to take control of the fight against the deadly Ebola virus. Duration: 01:47
Date 1 hr ago, Duration 1:46, Views 3