S&P Announces Changes to US Indices: PCS for TEL, FOSL for YRCW, ALGN for FOSL

June 22, 2009 5:19 PM EDT

Tyco Electronics Ltd. (NYSE: TEL) will be removed from the S&P 500 after the close of trading on Thursday, June 25. Tyco is in the process of redomesticating to Switzerland, rendering it ineligible for continued inclusion in the S&P 500 index.

Tyco Electronics’ place in the S&P 500 will be taken by MetroPCS Communications Inc. (NYSE: PCS) effective after the close of trading on Monday, June 29.

S&P SmallCap 600 constituent Fossil Inc. (NASDAQ: FOSL) will replace YRC Worldwide Inc. (NASDAQ: YRCW) in the S&P MidCap 400, and Align Technology Inc. (NASDAQ: ALGN) will replace Fossil Inc. in the S&P SmallCap 600. As of today’s close of trading, YRC Worldwide had a market capitalization of approximately $100 million, ranking it 400th in the index.


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Stocks Mentioned

ALGN 18.00

+0.64 +3.69%
Volume: 555,376
Track ALGN

FOSL 31.78

+0.42 +1.34%
Volume: 750,092
Track FOSL

PCS 6.60

+0.00 +0.00%
Volume: 4,777,555
Track PCS

TEL 23.80

+0.10 +0.42%
Volume: 3,259,599
Track TEL

YRCW 1.18

-0.02 -1.67%
Volume: 3,461,244
Track YRCW


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