logo
Plus   Neg
Share
Email

Fox Corp. To Join S&P 500; Adobe To Join S&P 100

S&P Dow Jones Indices said that Fox Corp. (FOXAV, FOXBV) will be added to the S&P 500 prior to the open of trading on Tuesday, March 19. Fox will replace Twenty-First Century Fox Inc. (FOXA; FOX), which will be removed from the S&P 500 and S&P 100 effective prior to the open of trading on Wednesday, March 20.

S&P 500 and 100 constituent The Walt Disney Co. (DIS) is acquiring Twenty-First Century Fox one day after Twenty-First Fox spins off Fox Corp. to shareholders.

For index purposes, S&P DJI considers Fox Corp. to be the surviving entity of Twenty-First Century Fox and therefore both the Class A and Class B common stock lines will continue to be included in the S&P 500. Effective on March 19, Twenty-First Century Fox will change its Class A common stock ticker from FOXA to TFCFA and its Class B common stock ticker from FOX to TFCF.

Also effective on March 19, Fox Corp. will change its Class A common stock ticker from FOXAV to FOXA and its Class B common stock ticker from FOXBV to FOX.

Adobe Inc. (ADBE) will replace Twenty-First Century Fox in the S&P 100 effective prior to the open of trading on Wednesday, March 20. Post spin-off, the surviving Fox Corp. will no longer be representative of the mega-cap market space.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The CEO of German engineering giant Siemens AG criticized U.S. President Donald Trump as becoming the "face of racism and exclusion" following his alleged racist comments targeting four progressive Democratic Congresswomen recently. "It depresses me that the most important political office of the world will be the face of racism and exclusion," Joe Kaeser said in a Twitter post in German. Volvo Cars issued a recall for 507,000 vehicles worldwide, citing a risk of fire due to a faulty engine component. The Swedish automaker reportedly said it has received reports of a small number of cars catching fire, but no one has been injured. The recall could affect certain vehicles produced during the period from 2014 to 2019 and having two-liter, four-cylinder diesel engines. Auction house Sotheby's said on the 50th anniversary of the Apollo 11 lunar landing, it has auctioned the three original videotape recordings depicting the event for $1.82 million in New York. The price is more than 8,000 times the price paid for the tapes by then-NASA intern Gary George at a government surplus auction in 1976. Apollo 11 was the spaceflight that first landed humans on the moon.
Follow RTT