IAC, DirecTV to join S&P 500

Move should boost stocks

NEW YORK — Barry Diller’s IAC/InteractiveCorp. and News Corp.’s DirecTV will soon be added to the prestigious S&P 500 — a move likely to enhance the companies’ profile with investors.

Standard & Poor’s announced Tuesday that IAC will replace Lucent Technologies on Nov. 30. Lucent is being acquired by Alcatel in a deal expected to close on or about that date.

Satcaster DirecTV will replace Freescale Semiconductor, which is being acquired by a consortium of private equity firms.

The stocks usually get a boost as they join the S&P list since many mutual funds are linked to the S&P 500 index, creating an automatic demand for those securities.

DirecTV shares rose 1.27% Tuesday to close at $22.40.

IAC shares were off 1.34% to $33.77.

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