Tuesday, September 09, 2008

Its Official: Fannie And Freddie Get The Boot From S&P 500 Index

Today Standard & Poor's announced Federal National Mortgage Association (FNM) and Federal Home Loan Mortgage Corporation (FRE) will be removed from the S&P 500 Index at the close of trading on September 10th. The two companies that replace FNM and FRE after the close on September 12th are Salesforce.com Inc. (CRM) and Fastenal (FAST).

(click on table for larger image)

1 comment :

Nurse B, 911 said...

It was ultimately going to happen. David Berman commented earlier today that if you applied the $5B market cap rule to the S&P500 as of today you'd only have 381 stocks that should be included in the index.

We might see some more reshuffling soon!