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12

Tech Investors Prepare to Say Goodbye to Facebook, Google

By Tony Seruga

New S&P 500 communication-services sector will include companies currently in the tech, consumer-discretionary sectors

The S&P 500 is getting a refresh later this month that may prove market moving as it plays out.

Index providers S&P Dow Jones Indices and MSCI are officially creating a new communication-services sector to replace telecom, the smallest of the index’s 11 segments. S&P will complete its reclassification Sept. 21, and many others who use the classifications will do so by Sept. 28. Some companies that are currently in the tech and consumer-discretionary sectors will move into the communication group…

Tech Investors Prepare to Say Goodbye to Facebook, Google

Categories : Finance

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