Uber could be added to S&P 500 on Friday, Barron’s says

An announcement of the addition of Uber Technologies could come Friday in conjunction with the quarterly index rebalancing, Andrew Bary of Barron’s reports. Uber Technologies, which has a market value of $11B, is the largest U.S. company that isn’t in the S&P 500. The ride-sharing company has qualified for inclusion because the sum of its past four quarters of earnings is positive based on generally accepted accounting principles, the author notes. S&P is due to announce the S&P 500 rebalancing after the close of trading Friday, with the implementation to occur before the open of trading on Dec. 18, the publication adds.