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NCR added to S&P 500
NEW YORK CITY -- NCR Corp. became of one three companies newly added to the S&P 500, one of the most closely monitored stock indexes in the world, as of Jan. 1. Companies that join the S&P 500 usually see their share price rise because their inclusion attracts investor interest. Also, mutual funds that try to mimic the performance of the index buy into those companies because their portfolio must hold stock in all of the components of the index. S&P, a unit of McGraw-Hill Cos. Inc., said in a statement that NCR, a MidCap 400 index component, would replace Republic New York Corp. because Republic was being acquired by HSBC Holdings. First Security Corp. and oil drilling contractor Transocean Offshore Inc. are the other two companies added to the S&P 500.
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