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Facebook (NYSE: FB) shares have rallied more than 4 percent in Wednesday's post-market session following news the stock will finally be added to the illustrious S&P 500. In addition to the index of 500 stocks, Facebook will be added to the S&P 100.

Facebook will be replacing shares of Teradyne (NYSE: TER) in the S&P 500 and shares of Williams Cos. (NYSE: WMB) in the S&P 100.

Teradyne Will be replacing Scholastic (NASDAQ: SCHL) in the S&P MidCap 400 while Scholastic will be replacing Lincoln Education (NASDAQ: LINC) in the SmallCap 600.

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