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

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