S & P to make changes to S & P500, MidCap 400 indices
Standard & Poor's said Friday it plans to move Urban Outfitters Inc. to the S&P500 index to replace Affiliated Computer Services Inc., which is being bought by Xerox Corp.
Xerox, based in Norwalk, Conn., is also a constituent of the S&P500.
Retailer Urban Outfitters, which is currently on the S&P's MidCap 400 index, would then be replaced by Intrepid Potash Inc., a fertilizer company based in Denver.
S&P said the moves would be made on a date yet to be announced.
Shares of Urban Outfitters, based in Philadelphia, rose 54 cents to $32.11 in after-hours trading Friday after closing up 3.4 percent at $31.57.
Intrepid Potash shares rose 85 cents, or 3.5 percent, to $25.34 in after-hours trading after closing the regular session down 3.7 percent at $24.49.