Foot Locker to Join S&P 500

NEW YORK — Foot Locker Inc. (NYSE: FL), the nation’s leading retailer of athletic shoes and apparel, will replace Cameron International Corp. (NYSE: CAM) in the prestigious S&P 500 Index.

DCT Industrial Trust Inc. (NYSE: DCT) will replace Foot Locker in the S&P MidCap 400 after the close of trading on Friday, April 1. S&P 100 & 500 constituent Schlumberger Ltd (NYSE: SLB) is acquiring Cameron International in a deal expected to be completed on or about that date pending final conditions.

Foot Locker stock will likely get a boost as index funds that mimic the benchmark S&P 500 will need to add the company’s shares to their portfolios.

Headquartered in New York, Foot Locker will be added to the S&P 500 (Global Industry Classification Standard) Apparel Retail Sub-Industry index.

DCT Industrial Trust, a real estate investment trust (REIT), specializes in the acquisition, development, leasing and management of bulk distribution and light industrial properties. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS Industrial REITs Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX –  April 1, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Foot Locker

Consumer Discretionary

Apparel Retail

DELETED

Cameron
International

Energy

Oil & Gas Equipment &
Services

 

S&P MIDCAP 400 INDEX – April 1, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

DCT Industrial Trust

Financials

Industrial REITs

DELETED

Foot Locker

Consumer Discretionary

Apparel Retail

Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

For more information about S&P Dow Jones Indices, please visit www.spdji.com