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.
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