S&P 500 Stocks

Standard & Poors will make the following changes to the S&P 500 index after the close of trading on Friday, December 17.

Cablevision Systems Corp. (NYSE:CVC) will replace King Pharmaceuticals Inc. (NYSE:KG) in the S&P 500. S&P 100 & 500 constituent Pfizer Inc. (NYSE:PFE) is acquiring King Pharmaceuticals in a deal expected to be completed soon, pending final approvals.

S&P MidCap 400 constituents F5 Networks Inc. (NASD:FFIV), Netflix Inc. (NASD:NFLX) and Newfield Exploration Co. (NYSE:NFX) will replace The New York Times Co. (NYSE:NYT), Office Depot Inc. (NYSE:ODP) and Eastman Kodak Co. (NYSE:EK) in the S&P 500.

Cablevision Systems operates as a telecommunications, media, and entertainment company. Headquartered in Bethpage, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Cable & Satellite Sub-Industry index.

F5 Networks Inc. provides technology that optimizes the delivery of network-based applications. Headquartered in Seattle, WA, the company will be added to the S&P 500 GICS Communications Equipment Sub-Industry index.

Netflix provides online movie rental subscription services. Headquartered in Los Gatos, CA, the company will be added to the S&P 500 Internet Retail Sub-Industry index.

Newfield Exploration engages in the exploration, development, and acquisition of natural gas and crude oil properties. Headquartered in Houston, TX, the company will be added to the S&P 500 GICS Oil & Gas Exploration & Production Sub-Industry index.