Special to the Tribune
Throughout the year stocks are added and removed from the S&P 500 index with little fanfare. Last December was an exception when Tesla was added to the index. There might be more notable additions in 2021 perhaps Zoom Video, Airbnb and Uber. What will that mean for the index? More volatility.
David Vomund.
When Standard & Poor’s announced Tesla’s inclusion in their index it was the sixth largest company with a capitalization of $560 billion. Since the S&P 500 is a capitalization-weighted index, many smaller companies were sold (probably $60 billion to $80 billion worth) to make room for Tesla.
5 Reasons Why More Dividend Income Should Be on Your 2021 Resolution List stltoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stltoday.com Daily Mail and Mail on Sunday newspapers.
In a tumultuous year, Jeff and Debra Benjamin have found their happy place.
Having spent most of their adult lives in the northern part of the United States, Jeff a 59-year-old senior columnist with
InvestmentNews, and Debra, a 61-year-old caterer and baker, recently relocated to North Carolina. The draw? Their 27-year-old son, his wife, and their two-year-old son, who were already living there.
“We moved down here 100% to be with them,” Jeff said. But he notes getting out of the Midwestern winters doesn’t hurt, and he’s also relishing the opportunity to play more golf, one of his passions. “I’ll be playing golf until I can’t move anymore,” he joked.
Author Bio
Born and raised in the Deep South of Georgia, Jason now calls Southern California home. A Fool since 2006, he began contributing to Fool.com in 2012. Trying to invest better? Like learning about companies with great (or really bad) stories? Jason can usually be found there, cutting through the noise and trying to get to the heart of the story.
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