Essex Property set to replace Cliffs Natural Resources in S&P 500

Essex Property Trust (ESS) +2.2% AH on news it will replace Cliffs Natural Resources (CLF) in the S&P 500 after the close of trading April 1.

CLF will move down to the S&P MidCap 400, replacing ESS.

FEI Co. (FEIC) will replace BRE Properties (BRE), which is being acquired by Essex, in the MidCap 400, and Fabrinet (FN) will replace FEI in the S&P SmallCap 600.

Also, Albany Molecular Research (AMRI) will replace Supertex (SUPX), which is being acquired, in the SmallCap 600.

AMRI +4.2%, FEIC +2%, FN +1.5%, CLF -1.3% AH.

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