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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."

2 of 148 comments (clear)

  1. 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.

  2. 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".

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