Foot Locker Set to Join the S&P 500; DCT Industrial Trust to Join S&P MidCap 400
NEW YORK, March 28, 2016 /PRNewswire/ -- S&P MidCap 400 constituent Foot Locker Inc. (NYSE:FL) will replace Cameron International Corp. (NYSE:CAM) in the S&P 500, and DCT Industrial Trust Inc. (NYSE: DCT) will replace Foot Locker in the S&P MidCap 400 after the close of trading on Friday, April 1. S&P 100 & 500 constituent Schlumberger Ltd (NYSE:SLB) is acquiring Cameron International in a deal expected to be completed on or about that date pending final conditions.
Foot Locker operates as an athletic shoes and apparel retailer. Headquartered in New York, NY, the company will be added to the S&P 500 (Global Industry Classification Standard) Apparel Retail Sub-Industry index.
DCT Industrial Trust, a real estate investment trust (REIT), specializes in the acquisition, development, leasing and management of bulk distribution and light industrial properties. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS Industrial REITs Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – April 1, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Foot Locker |
Consumer Discretionary |
Apparel Retail |
DELETED |
Cameron |
Energy |
Oil & Gas Equipment & |
S&P MIDCAP 400 INDEX – April 1, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
DCT Industrial Trust |
Financials |
Industrial REITs |
DELETED |
Foot Locker |
Consumer Discretionary |
Apparel Retail |
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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SOURCE S&P Dow Jones Indices
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