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×tamp=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?