Facebook’s stock will be added to the S&P 100 and S&P 500 indices at the end of the day on December 20, as noted by the BBC. The firm will replace The Williams Companies in the S&P 100 and Teradyne in the S&P 500.
The move had been expected for some time, especially as Facebook’s growth caused it to pass up several other S&P members in terms of market value.
➤ Facebook to join S&P 500 index [BBC]
Thumbnail credit: EMMANUEL DUNAND/AFP/Getty Images