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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: DM who wrote (2446)	12/22/1998 11:22:00 PM
From: MMK	Respond to of 56535

DM MMK Today's significant news arrived after the stock market closed: America Online (NYSE: AOL) will be added to the S&P 500 index. The stock has gone up $21 to $138 during after-hours trading on this "validation." America Online is the first Internet-based company to be added to, arguably, the most revered investment index in the world. Monumental indeed. But actually, the Foolish take on this might be that already most S&P 500 companies have a presence -- if they don't do business outright -- on the Internet. As David Gardner argues, the distinction of being an Internet company will soon not offer any distinction at all. That said, we aren't complete party-stoppers. Being added to the S&P 500 is a great achievement for any company -- whatever its business -- so bravo AOL!