Dec 10

Netflix, Cablevision Added to S&P 500, New York Times Dropped

Posted in: Miscellaneous Tech, netflix, Today's Chili

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Welcome to 2011. Standard & Poor’s made a big shakeup on its S&P 500 this week, adding in a number of new names, including Netflix, Cablevision, and networking company F5 Networks.

Cablevision took the place of King Pharmaceuticals, which dropped out of the running after being acquired by S&P 100 company Pfizer. Netflix, F5, and Newfield Exploration Co., meanwhile, swapped spots with The New York Times, Office Depot, and Eastman Kodak.

It’s hard not to view such a move as a pretty clear indication of where our priorities lie in 2010. Netflix and Cablevision’s stocks jumped 5.6 and 5 percent at the news.The New York Times, Office Depot, and Kodak all dropped.

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