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S&P500 Tech

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 CISCO (CSCO) and now RedHat (RHT).

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