Red Hat, Inc. to Replace CIT Group Inc. in S&P 500

Post author By iam802
Post date July 20, 2009

First congratulation to RedHat; a testament to the growing importance of its contributions to businesses.

Red Hat, Inc. will replace CIT Group Inc. in the S&P 500 after the close of trading on July 24
http://www.reuters.com/finance/stocks/keyDevelopments?symbol=CIT.N&timestamp=20090717215400&rpc=66

Are we also seeing a sign that tech stocks are replacing financial institutes on the indices. First we have CISCO (CSCO) and now RedHat (RHT).

Is this also a sign that tech stocks may be the leaders in the next rally?

Tags Cisco, Computing, Finance, http, North Carolina, Red Hat, Red Hat Inc., Replace CIT Group Inc., Research Triangle, RHT, S&P 500

By iam802

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