Twitter joins S&P 500 boosting tech exposure and funds
Twitter will be added to the S&P 500 before Thursday trading, replacing Monsanto after Bayer acquisition. The inclusion fuels demand from index funds and ETFs, lifting Twitter stock to multi-year highs as tech shares drive market gains. Market value nears $30 billion with tech now the index’s largest sector share.
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Justin Walters
USA Today
Tech's rising influence on 401k plans and markets
Tech stocks push 401(k) portfolios heavier into Apple Facebook Netflix along with the S&P 500 gain. Tech now accounts for 26.2% of the index with Twitter joining soon, boosting potential gains but raising risk if tech falters. Earnings strength and overseas money support tech leadership despite market uncertainties.
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Apple
Facebook
Netflix
Twitter
Thomson Reuters
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Robert Sluymer
New York
Lord & Taylor to close Fifth Avenue store amid retail upheaval
Hudson's Bay Co will shutter up to ten Lord & Taylor locations, including the Fifth Avenue flagship, as it restructures to boost profitability. The retailer plans to sell its Gilt site and expand online sales while closing stores through 2019. Rue La La will operate Gilt with over 150 hires.
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Meghan Biango
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Usatoday.com