Fox Corp to Join S&P 500, Adobe Inc. to S&P 100

Fox Corp

Fox Corp will be added to S&P 500 prior to the open of trading on March 19. Fox will replace 21st Fox Inc. 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. acquired 21st Century Fox one day after 21st Fox spins off Fox Corp. to shareholders. For Index purposes, S&P DJI considers Fox Corp. the entity of 21st Century Fox and both the Class A and Class B common stock lines will continue to be included in the S&P 500.

Adobe Inc., a diversified software company headquartered in San Jose, CA, will replace 21st Century Fox in the S&P 100 index, effective prior to the open trading on March 20. Post-spin-off, the surviving Fox Corp. will no longer be representative of the mega-cap market space.

Fox Corp. operates as News, Sports, and Entertainment Company. The company will be added to the S&P 500 GICS Broadcasting Sub-Industry index effective prior to the open of trading on March 20.

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Suprotik Sinha
Suprotik Sinha is the Global News Correspondent with OnDot Media. He writes about technologies and trending news in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries two years of experience in mainstream broadcast media where he worked as a reporter with Ibn7 and Zee Media in Mumbai.