Market Overview

Michael Kors to Replace NYSE Euronext in S&P Index on November 12

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Previously announced addition Michael Kors Holdings Limited (NYSE: KORS) will replace NYSE Euronext Inc. (NYSE: NYX) in the S&P 500 after the close of trading on Tuesday, November 12. S&P 500 constituent IntercontinentalExchange Inc. (NYSE: ICE) is acquiring NYSE Euronext in a deal expected to be completed on or about that date.

Michael Kors engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. Headquartered in Hong Kong, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Apparel Accessories & Luxury Goods Sub-Industry index.

Following is a summary of the change:

S&P 500 INDEX – Tuesday, November 12, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Michael Kors Holdings

Consumer Discretionary

Apparel Accessories & Luxury Goods

DELETED

NYSE Euronext

Financials

Specialized Finance

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over

See full press release

Posted-In: News Guidance Contracts Management Global

 

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