Google will join Standard and Poor’s 500 stock index on March 31st. With this news, Google saw its shares climb 9.7 percent today on the Nasdaq, increasing by $33.11 to $375 a share. Google will replace oil company Burlington Resources Inc. on the index. Burlington Resources Inc. is in the process of being acquired by another company.
From Bloomberg.com: “Google is the biggest company ever added to the S&P 500, according to Nicholas Gulden, an analyst at Citigroup Inc. in New York. The stock will become the highest-priced among the index’s members, surpassing Goldman Sachs Group Inc., whose shares closed today at $151.67.”























