Thursday, March 23, 2006

Google Added To S&P 500

Google has been added to the S&P 500 meaning many mutual funds will now buy more shares of Google. Google's stock price has gone up almost $28.76, an 8.41% increase. 8.5% is average increase in price that a stock goes up after being added to the index. Google might have known about this earlier so they probably rushed to get Google Finance finished for the day they would enter this list of elite companies. They will be added to the fund at the end of trading on March 31.

Source
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BAF6E7E59%2D82BB%2D445E%2DB415%2D6F6FEC819CAE%7D&dist=newsfinder&siteid=google&keyword=

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