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Google to be Added to S&P 500 Index

Posted by ryuzaki0 on from the finally-arrived dept.

hrbrmstr writes "According to marketwatch.com, Google is being added to the S&P 500, replacing Burlington Resources Inc. While this has provided a short-term boost to the stock price, time will tell what the overall impact will be on this respected index and the institutions (i.e. mutual funds) that follow it."

5 of 148 comments (clear)

  1. More info by DavidHOzAu · · Score: 3, Informative

    From Bloomberg

  2. Re:Good News by nelsonal · · Score: 3, Informative

    MSFT and INTC are both in the Dow Jones Industrial Average even though they are not listed on the NYSE. The Dow isn't exactly your folks' Dow anymore. Ironically, they are both getting closer to being the dogs of the Dow, anyone want to give odds on when that happens?

    --
    Degaussing scares the bad magnetism out of the monitor and fills it with good karma.
  3. Re:It's 1999 all over again by TheBogie · · Score: 5, Informative
    This is not exactly like 1999, in that Google actually makes money.

    Their gross profit last quarter was $372,208,000 http://finance.yahoo.com/q/is?s=GOOG .

    In 1999 almost all of the internet companies had yet to have their first profitable quarter.

  4. Re:So Who Got Bumped? by macadamia_harold · · Score: 4, Informative

    Burlington Resources won't be listed anymore on the S&P 500 because they're being acquired by ConocoPhilips(also on the S&P500), so they're not really "leaving".

    --
    Push Button, Receive Bacon
  5. Let god forbid GOOG in DJIA. by cpatil · · Score: 3, Informative

    Most of you here expect GOOG to enter DJIA. No not so soon. Any Dow component is a fully matured company, in other words their growth is limited to less than 9%. I really don't want GOOG to be one of those. Let it continue to grow at 40-50% a year :-)