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Topic: Red Hat joins the S&P 500  (Read 1206 times)

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Offline Nemesis

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Red Hat joins the S&P 500
« on: July 18, 2009, 02:21:37 pm »
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Standard and Poor’s announced that Red Hat would join the S&P 500 as of the close of trading on Friday. Red Hat replaces lender CIT Group, which had a market capitalization below $275 million, ranking it 500th in the index.

The market seemed to like the S&P news. In after hours trading Friday, Red Hat was up 8.45 percent to $22.34.


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