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Standard & Poor's Announces Index Changes for November 1, 2000

Strategic Insights

— 2 min read

Standard & Poor's will be making several changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 Indices on November 1, 2000. Key changes include the addition of NiSource Inc. to the S&P 500 Index, Dycom Industries to the S&P MidCap 400 Index, and Harmonic Inc. to the S&P SmallCap 600 Index. Other changes include the addition of Price Communications to the S&P MidCap 400 Index, Protein Design Labs and Vertex Pharmaceuticals to the S&P MidCap 400 Index, and Standard Register and Georgia Gulf to the S&P SmallCap 600 Index.

Key Takeaways:

  • NiSource Inc. will replace Columbia Energy in the S&P 500 Index after the close of trading on November 1, 2000.
  • Dycom Industries will replace NiSource Inc. in the S&P MidCap 400 Index, while Harmonic Inc. will replace Dycom Industries in the S&P SmallCap 600 Index.
  • Price Communications will replace FINOVA Group in the S&P MidCap 400 Index after the close of trading on October 26, 2000.
  • Protein Design Labs and Vertex Pharmaceuticals will be added to the S&P MidCap 400 Index, replacing Standard Register and Georgia Gulf, while Standard Register and Georgia Gulf will move to the S&P SmallCap 600 Index.
  • NiSource Inc. will be added to the S&P 500 Natural Gas industry group.
  • Dycom Industries will be added to the S&P MidCap 400 Engineering & Construction industry group.
  • Harmonic Inc. will be added to the S&P SmallCap 600 Communications Equipment industry group.
  • Price Communications will be added to the S&P MidCap 400 Telephone (Cellular/Wireless) industry group.
  • Protein Design Labs and Vertex Pharmaceuticals will be added to the S&P MidCap 400 Biotechnology industry group.
  • Standard Register will be added to the S&P SmallCap 600 Office Equipment & Supplies industry group.
  • Georgia Gulf will be added to the S&P SmallCap 600 Chemicals industry group.

Statistics:

  • 4 companies will be added to the S&P 500 Index on November 1, 2000.
  • 4 companies will be removed from the S&P 500 Index on November 1, 2000.
  • 3 companies will be added to the S&P MidCap 400 Index on November 1, 2000.
  • 3 companies will be removed from the S&P MidCap 400 Index on November 1, 2000.
  • 3 companies will be added to the S&P SmallCap 600 Index on November 1, 2000.
  • 3 companies will be removed from the S&P SmallCap 600 Index on November 1, 2000.
  • The S&P 500 Index will have 500 companies, the S&P MidCap 400 Index will have 400 companies, and the S&P SmallCap 600 Index will have 600 companies.

Sources:

  • Standard & Poor's Press Release, October 25, 2000
  • Standard & Poor's, "S&P 500 Index: November 1, 2000"
  • Standard & Poor's, "S&P MidCap 400 Index: November 1, 2000"
  • Standard & Poor's, "S&P SmallCap 600 Index: November 1, 2000"

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