When Google effectively splits its stock on Wednesday, S&P Dow Jones Indices will do something unprecedented: It will keep both the old Google shares and the new ones in the S&P 500. That means that starting in the middle of next week, the S&P 500 will technically have 501 components, though it will still have only 500 companies.
“It’s a good trivia question for everybody,” Cowen & Co.’s head of sales trading, David Seaburg, said on Thursday’s episode of “Futures Now.” “Next Wednesday, how many stocks are going to be in the S&P 500? It’s 501!”
Read the rest of this post on the original site »
This article originally appeared on Recode.net.
Contributions are a key part of the future of Vox
Readers rely on Vox for clear, nuanced coverage that not only illuminates the issues, but poses solutions, too. And we rely on help from our readers: Advertising and grants cover the majority of our costs, but we count on contributions to help us close the gaps in our budget. In fact, we’re looking to reach 95,000 individual contributions before the end of the year. Will you make the next contribution right now? Our average gift is just $20 — and it goes a long way in helping us keep our work free. Vox is here to help everyone understand what’s shaping the world — not just the people who can afford to pay for a subscription. We believe that’s an important part of building a more equal society. Join that mission by making a contribution today.
Yes, I'll give $5/month
Yes, I'll give $5/month
We accept credit card, Apple Pay, and
Google Pay. You can also contribute via
