Friday, November 07, 2008

S&P 500: Out With Technology In With Financial

Today Standard & Poor's announced Unisys Corp. (UIS) would be replaced in the S&P 500 Index by People’s United Financial Inc. (PBCT). The UIS will be removed after the close of trading on November 10th and PBCT will be added after the close of trading on November 12th. Could this be a contrarian indicator indicating more favorable returns for technology?

(click for larger image)

Unisys and Peoples United Financial added to S&P 500 Index


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