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.
John Morris is now just one game away from bringing British Columbia their fifth Canadian men's curling championship, after handing Alberta's Kevin Koe... More John Morris is now just one game away from bringing British Columbia their fifth Canadian men's curling championship, after handing Alberta's Kevin Koe his second loss of the day Friday
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