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Isn't it strange the industries that they removed and the ones that they
replaced them with? It always amuses me when they change the make up of an
index. It is usually done to stimulate business and not to better reflect
the markets. Thank you for the information. Have a good week end. Ira
----- Original Message -----
From: "Ian Cunningham" <cuncom@xxxxxxxxx>
To: "ira" <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, July 12, 2002 5:38 AM
Subject: Re: [RT] S&P 500
> Hello ira,
>
> Thursday, July 11, 2002, 5:43:45 PM, you wrote:
>
> i> The powers have done it again. They don't like the results they see,
so they change
> i> the playing field. The S&P 500 has had a bunch of stocks replaced.
Which ones they
> i> are I don't know at this time. I wonder when they will change the Dow
and the Nasdaq
> i> 100 make up again. good trading. Ira.
>
> * In the news, Standard & Poor's announced that it will purge seven
> companies not based in the U.S. from its S&P
> 500 Index and replace them with seven domestic firms, as it adjusts the
> index to better reflect the performance of
> U.S. large-capitalization issues. Unilever, Royal Dutch Petroleum, Nortel
> Networks, Alcan, Barrick Gold, Placer
> Dome and Inco have been identified as those being banished, with United
> Parcel Service, Goldman Sachs, eBay,
> Electronic Arts, Prudential, Principal Financial and Sunguard Data named
as
> the replacements. The move is
> scheduled to occur after the close on July 19.
>
> --
> Best regards,
> Ian mailto:cuncom@xxxxxxxxx
>
>
>
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