You will be redirected back to your article in seconds

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.

More Scene

  • Made By Google

    Rashida Jones, Jaden Smith and More Stars Party at Made by Google Opening Night

    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 […]

  • 'Boo 2! A Madea Halloween' film

    Tyler Perry Hopes 'Boo 2!' Can Help Bring Laughter to Nation's 'Darkness'

    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 […]

  • 'Geostorm' film premiere

    'Geostorm' Director Hopes Harvey Weinstein Scandal Signals 'Sea Change' for Hollywood

    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 […]

  • ‘Working Above The Line’ panel, The

    Academy's Third Annual Careers in Film Summit Inspires Young Creatives

    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 […]

More From Our Brands

Access exclusive content